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| Atria Newport Beach, a 168-unit senior living community in Orange County, CA. |
SAN DIEGO, CA – JLL Capital Markets announced today that it arranged a $52 million refinancing for Atria Newport Beach, a 168-unit senior living community located in the Newport Beach enclave of Orange County, California.
JLL represented the borrower, a partnership between a national REIT and
Atria Senior Living. MidCap Financial, a
leading commercial finance company focused on middle market transactions,
provided the floating-rate first mortgage loan.
Atria Newport Beach is located at 393 Hospital Rd. in a prime location
with high visibility off of Newport Boulevard and in close proximity to Hoag
Hospital. The Newport Beach area is one of the most affluent communities in
Southern California and provides the property with exceptional surrounding
demographics.
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| Aaron Rosenzweig |
The Class A property was built in two phases with the North Building fully renovated in 2023, while the South Building was purpose-built and opened in 2021. The three-story buildings are home to independent living, assisted living, and memory care units offered in studio, one- and two-bedroom layouts.
Community amenities include 24-hour support staff, all-day dining,
valet and concierge services, fitness classes, car service, housekeeping, salon
and spa, yoga studio, theatre, library, game room and an underground parking
garage.
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| Dan Baker |
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Aaron Rosenzweig and Director Dan Baker.
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 sales and 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, please visit JLL’s newsroom.
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