JLL and HJ Sims secure $252.1M tax-exempt and taxable bond financing for Southern California seniors housing development

NEWPORT BEACH, Calif., May 18, 2026 - JLL and HJ Sims announced today that they have arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol, a planned 214-unit seniors housing community in Huntington Beach, California.

HJ Sims acted as lead book-running manager on the senior bonds and JLL Securities served as co-manager and led the process in securing the investor for the subordinate bonds. The fixed- and floating-rate financing was structured into Series A senior bonds and subordinate Series B and C bonds, and was issued through the California Public Finance Authority. The bonds were divided into three tranches: a Series A $165.7 million tranche, a Series B $74.3 million tranche and a Series C $12.1 million tranche.

JLL's Senior Housing Capital Markets team, as real estate advisor, collaborated on the project

The Marisol is under construction and will be delivered in 2028. The three-story building will offer residents a full amenity package.

Located at 2120 Main Street, The Marisol is approximately 1.2 miles from the beach and immediately adjacent to a shopping center with grocery, retail and dining establishments, as well as City Hall and the high school. The property is convenient to the Pacific Coast Highway, the 405 Freeway and the John Wayne International Airport. It also is about 35 miles southeast of Los Angeles.

As noted in JLL's Senior Housing and Care Investor Survey and Trends Outlook, the slowdown in new seniors housing construction has created a supply-demand imbalance that is driving strong performance for existing and new properties in the sector.

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. Since underwriting the first senior living tax-exempt bond in 1965, Sims has provided over $35 billion in financing for senior living providers nationwide.

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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.