September 14, 2017
Bethesda, MD-based Capital One provided two loans, a $251-million bridge loan and a $300-million Freddie Mac seniors housing revolving credit facility, to Kayne Anderson Real Estate Advisors (KAREA), enabling it to purchase Sentio Healthcare Properties, a public, nontraded REIT.
Affiliates of KAREA acquired Sentio for $825 million. Sentio owns a portfolio of 34 properties, including senior housing communities and medical office buildings in 16 states across the U.S.
Capital One Healthcare’s Kristen Ahrens says, ““We were able to deliver a one-stop-shop financing solution for a very complicated acquisition on a transaction that moves the needle for Kayne as an investor in the seniors housing space.”
KAREA is part of Kayne Anderson Capital Advisors, a private equity, real estate investment firm with $30 billion in assets under management particularly focused on seniors housing, medical office, student housing and self-storage.
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