Monday, September 5, 2016

HFF closes $54.5 million sale of Two-property seniors housing portfolio in Washington, DC and New York

Chevy Chase House, 5420 Connecticut Avenue NW, Washington, DC

Ryan Maconachy
DALLAS, TX -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $54.5 million sale of two seniors housing assets totaling 219 units – Chevy Chase House in Washington, D.C. and Country House in Yorktown Heights, New York.

HFF marketed the asset on behalf of the seller, Holladay Corporation.  A joint venture between Blue Vista Capital Management, LLC and Meridian Senior Living, LLC purchased the communities free and clear of existing debt.

Chevy Chase House is located at 5420 Connecticut Avenue NW in Washington, D.C.  The community includes 131 independent living, assisted living and respite care units across a mix of studio, one- and two-bedroom floor plans averaging more than 600 square feet each.

 Chevy Chase House is situated close to best-in-class medical providers, including Sibley Memorial and Walter Reed National Military Medical Center, and high-end neighborhood amenities such as Starbucks, the Avalon Theater, a public library and numerous restaurants.

Country House is located at 2000 Baldwin Road in the Westchester County community of Yorktown Heights proximate to best-in-class medical providers in the surrounding area.  The property has 88 independent living, assisted living and respite care units as well as wellness amenities, including Wii bowling, yoga instruction and body movement classes.

The HFF team representing the seller was led by senior managing directors Ryan Maconachy and Chad Lavender.

 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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