Saturday, December 19, 2015

HFF closes sale of 6-property, multi-state seniors housing portfolio

Ryan Maconachy
DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a six-property seniors housing portfolio totaling 596 units located in Southern California, Michigan, Philadelphia and Washington, D.C.

HFF marketed the portfolio exclusively on behalf of the seller, a joint venture between The Carlyle Group and Capitol Seniors Housing.  ROC Seniors Housing Fund Manager, LLC acquired the portfolio free and clear of existing debt.

The portfolio has 114 independent living, 329 assisted living, 136 memory care and 17 skilled nursing units.  

The properties in the portfolio are: Crown Cove in Corona Del Mar, California; Raincross at Riverside in Riverside, California; Whittier Place in Whittier, California; Regent Street of West Bloomfield in West Bloomfield, Michigan; Arbor Terrace at Chestnut Hill in Philadelphia, Pennsylvania; and The Residences at Thomas Circle in Washington, D.C.  The portfolio is 89.1 percent leased overall.

The HFF investment sales team representing the seller was led by managing directors Ryan Maconachy and Chad Lavender along with senior managing director Gerry Rohm.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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