The $20m loan will fund the acquisition of a non-performing loan secured against three Class A purpose-built memory care facilities in Leesburg and Warrenton, Virginia and San Antonio, Texas. Offering a total of 200 ensuite rooms across 112,5k sq. ft of land, the sites offer a variety of amenities, including spacious common areas, gardens, libraries, book clubs, salon/barber facilities, concierge services, and fitness classes.
About Sabal Investment Holdings: Founded in 2009, Sabal Investment Holdings is a real estate investment manager headquartered in Irvine, California and serving institutional investors across the U.S. With assets under management totaling over $1.7b across its six sponsored funds, its fully integrated team has the experience and expertise to identify, underwrite, structure and close investment opportunities throughout the capital stack.
About 12 North Capital LLC: Founded by Frank Small and headquartered in Los Angeles, California, 12 North Capital is a premier senior housing investment firm, dedicated to creating high-quality, safe, comfortable, and supportive communities for aging populations. With the ability to invest across the acuity spectrum, 12 North leverages its extensive expertise and longstanding relationships to deliver superior returns for investors, while prioritizing the well-being of residents.