JLL and HJ Sims have arranged $239.68 million in tax-exempt and taxable bond financing for the Integrated Senior Foundation—Ativo Portfolio, a three-property seniors housing portfolio totaling 430 units. Two properties are in Arizona, and one is in California.
JLL and Sims secured fixed-rate financing with a final maturity of 40 years. The financing consisted of $218.25 million of publicly offered tax-exempt senior series 2025A bonds, $5.92 million of taxable senior series 2025B bonds, and $15.50 million of tax-exempt subordinate 2025C bonds.
The Arizona portion of the portfolio includes one ground-up development community and one acquisition. The projects are Ativo of Sundance, located in Buckeye, Arizona and Ativo of Yuma, located in Yuma.
Due for completion in 2027, Ativo of Sundance offers a total of 207 units, including 102 independent living and 75 assisted living units and 30 memory care beds. Ativo of Yuma offers 55 assisted living and 24 memory care units and was built in 2021.
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