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AEW Capital Management has landed a $114.6 million refinancing deal for two senior housing communities in the Philadelphia and Washington, D.C. metros. The floating rate loans were provided by Mesa West Capital.

Berkadia and Newmark negotiated on behalf of the borrower, while Mesa West Capital was represented in-house. The two senior housing communities are Echo Lake in Malvern, Penn., and Modena Reserve at Kensington, in Kensington, Md. Both communities offer assisted and independent living, as well as memory care units.