Monday, August 27, 2018

HFF announces financing for senior housing development in Denver, CO

Rendering of planned Solera at Cherry Creek Apartments,
Cherry Creek Neighborhood, Denver, CO

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for the development of Solera at Cherry Creek, a Class A seniors housing development in the Cherry Creek neighborhood of Denver, Colorado.

David Fasano
The HFF team worked on behalf of the developer, a joint venture between affiliates of Banner Senior, LLC, Solera Senior Living and Wheelock Street Capital, to arrange the non-recourse construction loan through a national bank.

Solera at Cherry Creek will comprise 64 assisted living apartments and 32 memory care units within a three-story building totaling approximately 55,000 rentable square feet. 

 The community will feature contemporary design, local influences and best-in-class amenities such as outdoor walking paths, a fitness studio and relaxation room, on-site rehabilitation center, gourmet restaurant with mountain views and an exhibition kitchen, piano bar and lounge, outdoor terrace with a glass firepit, beauty salon and spa, multi-functional spaces designed to maximize engagement as well as innovative programs and technologies. 
Sarah Anderson

 Due for completion in 2019, the property is designed by Rosemann & Associates, a firm experienced with well thought-out and innovative senior living communities. 

Solera at Cherry Creek is being constructed on a three-acre site at 2453 S. Wabash Street in the heart of Cherry Creek, which is one of Denver’s most affluent neighborhoods and home to multiple parks, dining, retail and entertainment options, including Cherry Creek North, Cherry Creek Shopping Center and the Cherry Creek Arts District.

Brock Yaffe
The HFF team representing the borrower included senior director David Fasano and directors Sarah Anderson and Brock Yaffe.

 Banner Senior, LLC is an affiliate of Banner Real Estate Group, a fully integrated real estate operating company based in Northbrook, Illinois, focusing on the acquisition, management and development of multifamily properties and the development of seniors housing and self-storage facilities nationwide. 

 Since its initial founding in 1989, Banner has acquired and operated 46 multifamily properties and has developed 19 self-storage facilities and apartment communities, collectively worth over $1.3 billion. For information, visit 

Solera Senior Living is a next generation senior living operator, developer and investor founded in 2016 by Adam Kaplan.  Including existing projects and assets in various stages of development, Solera will have 250 team members and approximately $200 million under management. 


HFF Senior Director
(214) 265-0880

HFF Director
(214) 265-0880

HFF Public Relations Specialist
(713) 852-3500