W&D Lines Up Freddie Loans for New Senior


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Arcadia Place in Vista, CA is one of 28 Holiday Retirement communities in the portfolio.

NEW YORK CITY—New Senior Investment Group, The seniors housing REIT spun off last October from Newcastle Investment Corp., has closed on its latest acquisition, a private-pay independent living portfolio from affiliates of Holiday Retirement. Walker & Dunlop said Wednesday afternoon it had closed on $464.7 million worth of financing for the 28-property portfolio, its second big financing on the REIT’s behalf.

SNR announced in late June that it would pay $640 million to acquire the 3,298-unit Holiday portfolio, which is located across 21 states and concentrated in California, Florida, North Carolina and Oregon. It also adds five states to SNR’s footprint: Arizona, South Dakota, South Carolina, Hawaii and Indiana…

W&D Lines Up Freddie Loans for New Senior

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