JLL Capital Markets led the financing efforts for the acquisition of the 344-unit portfolio
News release
14 January 2025
$39.98M in acquisition bridge financing secured for Oregon seniors housing communities
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PORTLAND, OR. Jan. 14, 2025 – JLL Capital Markets announced today that it has arranged $39.98 million in acquisition financing for a portfolio of three seniors housing communities totaling 344 units in Eugene and Springfield, Oregon on behalf of a local operator.
JLL worked on behalf of the borrower to secure the three-year, floating-rate regional bank financing. Proceeds were used to acquire the three properties.
The portfolio consists of Evergreen Senior Living, Timber Pointe and Woodside Senior Living, which together offer 43 independent living, 245 assisted living and 56 memory care units. All of the properties were built between 1996 and 2006 and were all fully renovated in 2021. Amenities include on-site dining, complimentary transportation, tv lounges, libraries, beauty salons and barber shops, game rooms, movie or theatre rooms, billiards lounge and more.
Evergreen Senior Living is located at 3670 N. Clarey St. in Eugene between the Randy Pape Beltline and State Highway 99, northwest of downtown Eugene. Timber Pointe and Woodside Senior Living are adjacent to each other at 4865 and 4851 Main St in Springfield.
The JLL Seniors Housing Capital Markets team representing the borrower was led by Senior Director Alanna Ellis and Associate Alex Sheaffer.
“This portfolio represents a tremendous addition to this operator’s portfolio,” said Ellis. “JLL was excited to work alongside our client to achieve very favorable financing.”
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.