Douglaston Development and The Hampton Group Inc have obtained $96.5 million in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan areas of Arizona.
The portfolio, which was recently renovated between 2021 and 2024, consists of 510 independent living units, 339 assisted living units and 122 memory care units within five communities. All of the communities are located in strong seniors housing submarkets of Phoenix, Mesa, Sedona and Chandler, where the 75+ population represents almost 20% of the population in the surrounding areas.
Individual property details are listed below:
Canyon Winds:
Independent living: 2851 N Boulder Canyon, Mesa, Arizona
Assisted living: 7311 E Oasis Street, Mesa, Arizona
Chaparral Winds:
Independent living: 16617 N West Point Parkway, Surprise, Arizona
Assisted living: 16623 N West Point Parkway, Surprise, Arizona
Desert Winds:
Independent living: 20554 N. 101st Avenue, Peoria, Arizona
Assisted living: 20545 N. Lake Pleasant Road, Peoria, Arizona
Sedona Winds:
Independent living: 405 Jacks Canyon Road, Sedona, Arizona
Assisted living: 475 Jacks Canyon Road, Sedona, Arizona
Ventana Winds is located at 405 Jacks Canyon Road in Youngtown, Arizona.
Alanna Ellis, Brad Miner and Ace Sudah with JLL Capital Markets arranged the bank financing.
The Hampton Group, Inc. is a Scottsdale, Arizona based development corporation formed in 1998. The principals and senior officers of our firm have been active in Arizona real estate development since 1978. Our primary focus is on building, owning and managing income properties throughout Arizona. We currently own, control, and manages projects that include; office buildings, multi-family projects, senior living communities and master planned projects.
One of the most respected leaders in its field, New York City based Douglaston Development has a record of success across a wide range of development types, including mixed-use, high-rise luxury rentals and condominiums, affordable housing, senior housing, and other asset classes.
