JLL Closes 16-Property Senior Housing Sale, Expects $600 Million in Q1 Volume

JLL recently closed the sale of a 16-property senior living portfolio and is on track to log more than $600 million in sales this quarter.

The 16 properties were previously owned by a publicly traded real estate investment trust (REIT) and were acquired by a non-traded REIT, Mike Garbers, managing director, capital markets, told Senior Housing News.

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Garbers declined to disclose the acquisition price or the identity of the seller, buyer and operators involved. The communities previously were operated by three different entities, and going forward they will all be operated by one provider.

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