Wagner and Hosmer of Cushman & Wakefield’s Equity, Debt & Structured Finance group arrange $28.7 million for Renaissance Senior Living

Tampa, FL As advisor to The Carlyle Group, Cushman & Wakefield’s Equity, Debt & Structured Finance group has arranged a $28.7 million acquisition and re-development financing for Renaissance Senior Living, a senior housing community.  Financing was provided by a regional bank. Renaissance Senior Living is a 226 unit senior housing community offering the full continuum of care, including independent living, assisted living and memory care in an attractive campus setting.  The financing funds a comprehensive renovation program that is presently underway which includes the creation of dedicated buildings for each level of care as well as extensive enhancements to the community’s amenity areas. Cushman & Wakefield’s National Senior Housing Capital Markets team arranged the financing, led by Jay Wagner, managing director, and Timothy Hosmer, associate, of the Boston office. “The financing will facilitate Carlyle’s re-positioning of the property as the only rental community in the market offering a full continuum of care in a campus setting, and one of the premier senior communities in the region.  The campus environment provides a significant advantage over competitors and the improvements will allow Renaissance to capitalize on the great demand for high-quality senior housing services in the area,” said Cushman & Wakefield’s Jay Wagner.