/

|

Douglaston Development and The Hampton Group have refinanced a five-community, 971-unit senior housing portfolio in Arizona for $96.5 million in a deal arranged by JLL.

The portfolio is located in the Phoenix, Mesa, Sedona and Chandler areas, where the population of residents 75 years and older represents almost 20 percent of those living in the region. The properties were renovated between 2021 and 2024 and consist of 510 independent living units, 339 assisted living units and 122 memory care units.