CHICAGO - (August 28, 2017) - Seyfarth Shaw LLP represented Kaufman Jacobs LLC, a Chicago-based real estate investment company, in financing the development and construction of a new 110-bed senior housing facility in Park Ridge, IL.
The Seyfarth team handled all aspects of the capital stack. As part of the transaction, the team negotiated and closed a construction loan with Wintrust Bank as administrative agent and lender. In addition, Seyfarth spearheaded the operating agreements for the numerous entities involved in the structure, including for the feeder entity and also the joint venture agreement with Senior Lifestyle Communities (SLC), who will assist in the development and management of the facility.
Kaufman Jacobs owns and manages millions of square feet of commercial real estate, with a specialty in the ownership and management of Federally tenanted real estate and transactions of a complex nature.
The Seyfarth Real Estate team was led by partner Jay Gitles and included Melissa Vandewater, Kelly Bufton, Cynthia Mitchell, Paul Drizner and Tori Campbell.