Friday, January 18, 2019

HFF announces sale and financing of three seniors housing properties in Washington and California


Sarah Anderson

 DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (“HFF”) announces the sale and financing of three Class A seniors housing properties totaling 253 units in suburban Seattle and Northern California.

David Fasano
The HFF team marketed the property exclusively on behalf of the seller, Áegis Living.  A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased the properties free and clear of existing financing. 

 Additionally, HFF’s debt placement team worked on behalf of the new owner to secure fixed-rate agency financing to fund the acquisition.

The portfolio offers a blend of assisted living and memory care units within properties that feature best-in-class finishes and have a combined average occupancy of nearly 95 percent. 

Ryan Maconachy
 The two Seattle-area properties in the portfolio are Áegis of Bellevue at 148 102nd Avenue SE in Bellevue, which consists of 68 assisted living and 18 memory care units, and Áegis Lodge of Kirkland at 12629 116th Avenue NE in Kirkland, which consists of 70 assisted living and 17 memory care units. 

 The Northern California property, Áegis of Aptos, is located at 125 Heather Terrace in Aptos, which is an oceanside community approximately eight miles east of Santa Cruz and less than 40 miles south San Jose.

The HFF investment advisory team representing the seller included senior director David Fasano, senior managing directors Ryan Maconachy and Chad Lavender and senior director Ross Sanders along with managing director Mark Wintner and director Christopher Ross.

Ross Sanders
HFF’s debt placement team representing the borrower was led by director Sarah Anderson.

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Áegis Living is a national leader in assisted living and memory care. The privately-held company founded in 1997 is headquartered in Bellevue, Washington, and operates 30 communities in Washington, California and Nevada. 

 Follow the company on Twitter @Áegisliving and Facebook at http://www.facebook.com/ÁegisLiving Visit the company website at www.Áegisliving.com.

Mark Wintner
Blue Moon, headquartered in Boston, Massachusetts, and co-founded by Kathryn Sweeney and Susan Barlow, is focused exclusively on the senior housing sector. 

 Through a series of funds and a separate account, Blue Moon invests in development and recapitalization of new, purpose built, innovative senior housing communities in joint venture with leading senior housing developers and operators.

CONTACTS:

DAVID FASANO
HFF Senior Director
(214) 265-0880

SARAH ANDERSON
HFF Director
(214) 265-0880

MARK WINTNER
Christopher Ross
CA Lic. #01338778
HFF Managing Director
(310) 407-2100

CHRISTOPHER ROSS
WA Lic. #27291
HFF Director
(206) 576-0050

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403

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