DALLAS–(BUSINESS WIRE)–Apr 14, 2021–
ORIX Corporation USA (ORIX USA), the Americas business of the international financial services group ORIX Corporation (ORIX), announced today that its Municipal and Infrastructure Finance business recently completed a $44.8 million tax-exempt and taxable bond financing to fund the acquisition of five senior housing communities that are part of the Coventry Properties of Minnesota. The communities are located within the greater Minneapolis area and total 153 assisted living and memory care units.
“This transaction demonstrates our flexible debt, mezzanine and equity capital solutions that can be deployed in a variety of public and private financial transactions in the municipal and infrastructure industries,” said Rob Wetzler, Managing Director and Head of ORIX USA’s Municipal and Infrastructure Finance business. “Coventry and these facilities have an excellent track record providing senior care across the Minneapolis metro area. We look forward to continuing our partnership with Coventry and assisting them with future acquisitions.”
Coventry is a fully integrated real estate development company that develops and operates a portfolio of high-acuity senior housing communities located throughout Minnesota. Coventry communities focus on providing care for…