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| Ted Flagg |
NEW YORK, NY - JLL announces it has exclusively advised Welltower Inc. (NYSE: WELL) in the recapitalization of the Benchmark Senior Living portfolio, which Benchmark previously owned in partnership with Welltower, with private institutional capital for a gross sale price of $1.8 billion.
The JLL Capital Markets team that represented the seller was led by Senior Managing Director and Co-Head of JLL’s Capital Markets Healthcare practice Ted Flagg.
The JLL Capital Markets team that represented the seller was led by Senior Managing Director and Co-Head of JLL’s Capital Markets Healthcare practice Ted Flagg.
As a part of the recapitalization, Welltower has fully exited the portfolio and is entitled to an additional $50 million in earnout proceeds, subject to certain conditions. The recapitalization closed in early July.
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Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
Contacts:
Ted Flagg, JLL Senior Managing Director
Phone: +1 212 336 5482
Olivia Hennessey, JLL Public Relations Specialist
Phone: +1 713 852 3403
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