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KKR Pays $112.3M for Two AZ Senior Housing Properties
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KKR Pays $112.3M for Two AZ Senior Housing Properties
KKR acquired a Phoenix-area senior housing portfolio for $112.3 million. PGIM sold the two properties, totaling 285 units. Commercial Edge reports that JLL Real Estate Capital issued two Freddie Mac loans totaling $69.9 million for the deal. JLL Seniors Housing Capital Markets represented the seller and secured the financing for the buyer. One of the properties, The Watermark at Morrison Ranch, comprises 115 units in Gilbert, Ariz. It traded for…
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