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Lexington Square of Elmhurst - Chicago, IL MSA
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[Houston, Texas, May 30, 2023] CBRE arranged acquisition financing for Lexington Square of Elmhurst (the “Community”) on behalf of Focus Healthcare Partners LLC (“ Focus”). Aron Will, Vice Chairman of CBRE National Senior Housing, Matt Kuronen, Vice President of CBRE National Senior Housing, and Michael Cregan, Senior Analyst of CBRE National Senior Housing, arranged the financing.
Located 18 miles due west of downtown Chicago and originally built in 1990, the property has been rebranded and renamed as The Roosevelt at Salt Creek. The building contains a total of 348 Independent Living and Assisted Living units. Post acquisition, Focus will execute a significant capital improvement plan to position the Community as a market leader and will convert the existing entrance fee CCRC model to rental units. The Community will feature a fitness center, swimming pool, billiards lounge, and barber, among other first-class amenities.
CBRE National Senior Housing originated a 5-year acquisition loan through BMO.
Focus Healthcare Partners LLC is a real estate investment and asset management firm headquartered in Chicago, Illinois. Formed in 2010, Focus has acquired 31 buildings to date and has historically managed $1.5B in AUM across its investment vehicles. The Focus management team provides active asset management oversight and utilizes its own proprietary tools and best-in-class regional operators to manage individual properties. Focus has maintained a cohesive management team that has worked together for more than 15 years. |
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CBRE was the #1 Fannie Mae Senior Housing Lender in 2019 and 2016. From 2014 through 2022, CBRE originated over $11.1 billion in senior housing debt across 484 assets. CBRE completed over $19.1 billion in combined senior housing investment sales and loan originations from 2014 through 2022. In 2017, CBRE was the #1 senior housing capital intermediary in the country. CBRE has been a Top 3 senior housing originator in the country from 2015 through 2021. CBRE was the #1 GSE lender in the nation in 2021 with over $14 billion in Fannie Mae, Freddie Mac, and HUD originations.
- #1 Fannie Mae Senior Housing Lender in 2019 and 2016
- #2 Senior Housing Freddie Mac Lender in 2021
- $11.1 Billion in senior housing debt originations in 2014 through 2022 across 484 assets
- #1 Senior Housing Intermediary in 2017
- Top 3 Senior Housing Lender 2010-2021*
- #2 Senior Housing Freddie Mac Lender in 2021
- #1 Agency originator in the nation in 2021: Over $14 billion in originations
- #1 Freddie Mac Lender in 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020
- #2 Fannie Mae Lender in 2020 and 2021
- $19.1 Billion in combined senior housing investment sales & debt originations from 2014 through 2022
- Fannie Mae, Freddie Mac, HUD FHA, Mezzanine & Construction Debt Placement
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