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The company has obtained the refinancing package, arranged by Greystone, for a 941-unit, 10-asset portfolio.
However, 76 percent of seniors market investors say they plan to increase their exposure in 2022.
The loan both recapitalizes and funds new construction on the Scottsdale, Arizona project.
Occupancy at assisted living properties increased while independent living occupancy ticked down.
Most rent growth came from stabilized properties aggressively pushing up rates.
Occupancies are up at nursing homes and assisted-living facilities, but a full recovery is not expected until 2023.
Cottage-style and age-restricted deal brings TCC's portfolio to 2,600 units.
Firms combine for a $75 million fund for needs-based seniors housing.
Q4 2021 was a struggle, according to the Polsinelli Report; life plan communities resilient, others said.
The firm acquired Assisted Living and Memory Care facilities totaling 160 units in the Northern California cities of Dublin and Novato.