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Mesa West Capital Refinances Richmond, Virginia, Senior Housing Development As Demand Surges

Deal for $47 Million Comes As More Baby Boomers Retire and Construction Declines
Occupancy rates at senior housing developments have risen for 12 consecutive quarters, reaching near pre-pandemic highs. (Mesa West Capital)
Occupancy rates at senior housing developments have risen for 12 consecutive quarters, reaching near pre-pandemic highs. (Mesa West Capital)
CoStar News
July 19, 2024 | 9:44 P.M.

Los Angeles-based Mesa West Capital has refinanced a senior housing development in Richmond, Virginia, for one of the largest senior housing providers in the nation. The deal comes as occupancies in the asset class have returned to near pre-pandemic levels.

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News | Mesa West Capital Refinances Richmond, Virginia, Senior Housing Development As Demand Surges