CBRE Capital Markets’ National Senior Housing team arranged the sale and financing of a six-property portfolio comprising of continuing care retirement communities by Life Care Services.

LCS held a leasehold interest in the communities, which were owned by Fortress Investment Groups. The portfolio was acquired via a joint venture between LCS and Aspect Investment Partners. CBRE secured $120.2 million in loan proceeds for the portfolio.

Two of the six assets received a $39.2 million, 10-year fixed rate loan, while the other four are under an $81 million, five-year loan.

Four of the communities are in Dallas while two are in Bedford, TX. They range from 153 units to 267 units. They are 37% skilled nursing, 24% assisted living, 28% independent living and 11% memory care. LCS will continue to manage the communities.