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The joint venture of AEW Capital Management, Thrive Senior Living and Pike Construction has received $57 million for the refinancing of Thrive at Montvale, a 203-unit luxury senior housing community in Montvale, N.J. Mesa West Capital provided the five-year, floating-rate loan.
Earlier this month, AEW also secured a $114.6 million refinancing deal for two senior housing communities in Malvern, Penn., and Kensington, Md. Mesa West Capital provided those floating-rate loans as well.