JLL closes sale and financing for Bergen County seniors housing community
United States, Sept. 14 -- JLL Capital Markets announced that it has arranged the sale and in financing for Allegro Harrington Park, a 173-unit, Class A seniors housing community in Harrington Park, New Jersey.JLL represented the seller, a joint venture between PGIM and Allegro Senior Living, in the sale of the property to a joint venture between AEW Capital Management and Foundry Commercial. JLL also worked on behalf of AEW to secure a five-year acquisition loan with a life insurance company. Allegro will remain as the operator and a joint venture partner. Developed by Allegro and PGIM, Allegro Harrington Park is a trophy seniors housing community offering independent living, assisted living and memory care units within studio, one- and tw...
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