At a glance
- The portfolio comprises purpose-built independent living, assisted living and memory care communities that O'Reilly developed between 2019 and 2022, Connect CRE reported.
- Occupancy across the fully stabilized communities runs from 96% to 99%.
- St. Charles, Missouri-based Arrow Senior Living manages the properties and is co-invested in the venture alongside O'Reilly, according to Connect CRE and REBusiness Online.
BWE arranged an approximately $240 million recapitalization of a seniors housing portfolio across three Midwestern markets, acting as exclusive capital markets advisor to O'Reilly Development Company, the Springfield, Missouri-based developer and investor.
The portfolio comprises purpose-built independent living, assisted living and memory care communities that O'Reilly developed between 2019 and 2022, Connect CRE reported.
Occupancy across the fully stabilized communities runs from 96% to 99%.
St. Charles, Missouri-based Arrow Senior Living manages the properties and is co-invested in the venture alongside O'Reilly, according to Connect CRE and REBusiness Online. Terms of the debt and equity were not disclosed.
For allocators, the due-diligence item is Arrow Senior Living's co-investment: the manager runs the buildings and holds equity in the same venture as O'Reilly, aligning operator economics with the sponsor.
Reported by the Real estate debt desk from Connect CRE and REBusiness Online. Published . Corrections