Prudential Mortgage Capital closed a $80.3 million dollar loan for Brookdale senior Living. The portfolio consists of five assisted living, memory care and skilled nursing facilities in Ohio, Texas, Kansas and Kentucky. The portfolio includes the following:
Homewood Residence at Richmond Heights in Cleveland opened in 2000 and boasts 78 assisted-living units and 17 memory-care units. Brookdale plans to expand the property with a 60-bed skilled-nursing facility.
The Hampton at Willowbrook in Houston opened in 1999 and features 54 assisted-living units and 19 memory-care units. Brookdale plans to expand the property with a 98-bed skilled-nursing facility.
The Summit at Lakeway in Austin opened in March 2007 and boasts 81 skilled-nursing facility units.
The Sweet Life Rosehill in Shawnee, Kan. opened in April 2002 with 150 units. There are 44 assisted-living and 30 memory-care units in one building and 76 skilled-nursing beds in a separate building.
Richmond Place Skilled Nursing Facility in Lexington, Ky., opened in 1988 and was recently acquired by Brookdale. It is currently being rehabilitated into an 88-bed skilled-nursing facility.