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JONES LANG LASALLE INCORPORATED

(JLL)
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Jones Lang LaSalle Incorporated : Northeast Georgia seniors housing community refinanced for $18.5M

12/02/2021 | 09:41am EST

ATLANTA, December 2, 2021 -JLL Capital Markets announced today that it has arranged a $18.5 million refinancing for Manor Lake Gainesville, a 88-unit, recently constructed, assisted living and memory care seniors housing community in Gainesville, Georgia.

JLL worked on behalf of the borrower, Manor Lake Development LLC, to secure the non-recourse, floating-rate loan through a debt fund. JLL ran a targeted process, and the loan closed in 39 days from lender engagement.

Manor Lake Gainesville was completed in 2019 and leased up quickly, a testament to the strength of the development and of Manor Lake as a sponsor.

The property offers studio, one-bedroom and companion suites ranging from 421 to 558 square feet. Units include keyless entry, staff call systems in bathrooms, personal pendent for assistance, therapeutic bath, cable and internet service, walk-in showers and individually controlled heat and air. The single-story community features centrally located common areas, dining room with a fireplace, central courtyard with gardens, salon, rehabilitation services, staff call system, wellness program, instructor led daily exercise, concierge services, laundry services, planned activities and more.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Joel Mendes and Managing Director Trent Niederberger.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

Disclaimer

Jones Lang LaSalle Inc. published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 14:40:01 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 11 002 M - -
Net income 2021 884 M - -
Net Debt 2021 582 M - -
P/E ratio 2021 14,4x
Yield 2021 -
Capitalization 12 404 M 12 404 M -
EV / Sales 2021 1,18x
EV / Sales 2022 1,06x
Nbr of Employees 91 000
Free-Float -
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Number of Analysts 7
Last Close Price 245,77 $
Average target price 326,50 $
Spread / Average Target 32,8%
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Managers and Directors
Christian Ulbrich President, Chief Executive Officer & Director
Karen Brennan Chief Financial & Investment Officer
Siddharth N. Mehta Chairman
Allan Frazier Global Chief Information Officer
Benjamin Breslau Chief Research Officer
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