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Financing Arranged for 72-Unit Assisted Living Facility

NORWOOD, MA-Holliday Fenoglio Fowler nails down the financing for Sunrise of Norwood, a 72-unit assisted living facility managed by Sunrise Senior Living.

By Naomi Grossman | Updated on October 24, 2003

NORWOOD, MA-Financing was secured for Sunrise of Norwood, a 72-unit assisted living facility managed by Sunrise Senior Living. The $21.2 million loan is financing this facility as well as another of Sunrise Senior Living’s facility, Sunrise of Columbia, a 79-unit complex in Columbia, MD.

The Dallas office of Holliday Fenoglio Fowler, L.P. arranged the deal. Senior director Jack Killough and analyst Katherine Sykes worked on behalf of Aureus Group to secure the seven-year, adjustable-rate loans through Guaranty Bank. Aureus Group invests in senior living facilities aimed at serving the middle and upper economic segments of the seniors market. It currently owns 15 facilities, totaling 1,844 units.

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