Sunday, April 30, 2017

HFF closes sale of and arranges financing for Birmingham, AL seniors housing community

Danberry at Inverness Seniors Housing, Hoover, AL

Sarah Anderson
DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged acquisition financing for Danberry at Inverness, a 232-unit seniors housing community in the Birmingham, Alabama, suburb of Hoover.

HFF marketed the property on behalf of a joint venture between a private equity seller and LCS, and procured the buyer, a joint venture partnership between LCS and an affiliate of Artemis Real Estate Partners.

 Life Care Services, an LCS Company, will also continue to manage and operate the property.  

In addition to brokering the sale, HFF worked on the new owner’s behalf to secure a seven-year, floating-rate acquisition loan through Freddie Mac’s CME Program. 

The securitized loans will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Danberry at Inverness comprises 160 independent living units, 48 assisted living units and 24 memory care units.  

The Class A+ property has high-end finishes and amenities, including an expansive grand lobby, 24-hour concierge service, elegant dining room, state-of-the-art fitness center, solarium, library with fireplace, lounge/clubroom, business center, heated swimming pool and hot tub, barber shop and full-service salon. 

Ryan Maconachy

The property’s location at 235 Inverness Center Drive places it near Birmingham’s “280-Corridor”, which is among the fastest-growing business corridors in the Southeast.  The affluent Hoover area has experienced a 48.1 percent growth in population in the past decade with an average household income of approximately $111,374.

The HFF investment sales team was led by senior managing directors Ryan Maconachy, Chad Lavender and Bill Miller.

HFF’s debt placement team was led by associate director Sarah Anderson.

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

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


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