JLL and HJ Sims secure $239.688M tax-exempt and taxable bond financing for seniors housing portfolio

NEWPORT BEACH, Calif., Mar. 28, 2025 – JLL and HJ Sims announced today that they have arranged $239.68 million in tax-exempt and taxable bond financing for the Integrated Senior Foundation – Ativo Portfolio, a three-property seniors housing portfolio totaling 430 units in Arizona and California.

The portfolio, which includes two ground-up development communities and one acquisition consists of: Ativo of Sundance, located in the fast-growing city of Buckeye, Arizona; Ativo of Yuma, in Yuma, Arizona; and Ativo of Santa Clarita, located within the Sand Canyon Plaza master-planned community in Santa Clarita, California. For more information on the projects and to learn more, please visit: www.AtivoSundance.com and www.AtivoSantaClarita.com.

On behalf of Integrated Senior Foundation, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting team of HJ Sims and JLL Securities, secured fixed-rate financing with a final maturity of 40 years.  The financing consisted of $218.25 million of publicly offered tax-exempt senior series 2025A bonds, $5.92 million of taxable senior series 2025B bonds, and $15.50 million of tax-exempt subordinate 2025C bonds.

Due for completion in 2027, Ativo of Sundance offers a total of 207 units, including 102 independent living and 75 assisted living units and 30 memory care beds. Ativo of Yuma offers 55 assisted living and 24 memory care units and was built in 2021. Scheduled for completion in 2026, Ativo of Santa Clarita will feature 144 units comprising 51 independent living and 65 assisted living alongside 28 memory care beds.

All of the newly delivered properties will have modern amenities and services such as a gourmet kitchen providing healthy meals daily, coordinated group outings, transportation services, daily on-site life enrichment activities and 24/7 staff to care for residents. Additionally, all of the Ativo properties are located in densely populated areas with a growing seniors demand.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

HJ Sims is a specialized investment bank focused on providing unique capital structures for seniors housing and skilled nursing care providers. Since 1935, Sims has provided investment banking, wealth management, and institutional services, helping individual investors, organizations, municipalities and institutions realize their potential. From building wealth to building communities, HJ Sims helps clients navigate an uncertain world.

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^{Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.} 

Integrated Senior Foundation is a non-profit 501(c)(3) owner and operator, based in Brea CA.  Integrated Senior Foundation is committed to creating accessible, high-quality senior living communities that prioritize both affordability and exceptional care. By partnering with research institutions, integrating advanced technology, and innovating in elder care, Integrated Senior Foundation delivers vibrant, supportive environments where seniors thrive. For more information, please visit: integratedsenior.org

Founded in 1935, HJ Sims is a privately held investment bank and wealth management firm focused on delivering a broad spectrum of financial services to its clients. Sims is one of the nation’s oldest and most respected underwriters of tax-exempt bonds, with specific expertise in the senior living sector. Since underwriting the first senior living tax-exempt bond in 1965, Sims has provided over $30 billion in financing for senior living providers nationwide. For more information, please visit: hjsims.com