Friday, January 18, 2019

HFF hires Mike Nieves as a director in its New York office

Mike Nieves

NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced  it has hired Mike Nieves as a director focused on M&A and corporate advisory services in the firm’s New York office.

Mr. Nieves will work with senior managing director Steve Hentschel, who heads HFF’s M&A and corporate advisory services provided by HFF’s registered broker-deal subsidiary, HFF Securities, L.P (HFFS). 

Stephen Hentschel
Mr. Nieves joins HFF from Citigroup’s Real Estate and Lodging Investment Banking Group, where he was a vice president and worked on public REIT mergers and acquisitions, leveraged buyouts, and equity and debt capital markets transactions. 

 Prior to Citigroup, Mr. Nieves worked at Willkie Farr & Gallagher LLP as a corporate lawyer, executing mergers and acquisitions as well as bank finance transactions. 

Mr. Nieves earned a Master of Business Administration degree from the University of Virginia, a Juris Doctorate from American University and a Bachelor of Arts degree from the University of Michigan.


HFF Senior Managing Director
(212) 245-2425

HFF Director, Public Relations
(617) 848-1572

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 atÁegisLiving Visit the company website at www.Á

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.


HFF Senior Director
(214) 265-0880

HFF Director
(214) 265-0880

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

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

HFF Public Relations Specialist
(713) 852-3403

Arbor Funds $1.8 Million Fannie Mae DUS® Small Loan in Livingston, TX

Vincent Chiodo

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare, and other diverse commercial real estate assets, recently funded a Fannie Mae DUS® Small Loan in Livingston, TX.

Pecan Park Apartments, Lexington, KY
Pecan Park Apartments, a 36-unit multifamily property, received $1.8M in funding through the Fannie Mae DUS Small Loan program. The loan comes with a seven-year hybrid term and a step-down prepay structure.

Vincent Chiodo of Arbor’s New York City office originated the loan. “The borrower was looking for a long-term loan with flexible prepayment terms,” Chiodo said. “The Fannie Mae hybrid option was a perfect fit for this loan and can be offered on all 5-50 unit deals.”
Built in 2007, Pecan Park Apartments offers one- to three-bedroom units. The complex is in close proximity to Lake Livingston State Park, as well as local schools and shops.

 Bina Handa

Tel: 516.506.4229

HFF announces $51.45M sale of grocery-anchored entertainment center in Chapel Hill, NC

University Place, Chapel Hill, NC

MIAMI, FL – January 10, 2019 – HFF announces the $51.45 million sale of University Place, a 372,190-square-foot retail center anchored by a Harris Teeter, SilverSpot Cinema, Planet Fitness and Southern Season in Chapel Hill, North Carolina. 

Kim Flores

The HFF team marketed the property on behalf of the seller, Madison Marquette.  The property was acquired by an affiliate of Ram Realty Advisors.  This is Ram’s third acquisition in the immediate sub-market in the last 18 months. 

Daniel Finkle
Situated on 39.5 acres at 201 South Estates Drive, University Place was originally developed in 1973 as the only enclosed mall in Chapel Hill, which is part of the Raleigh MSA. 

 The property is located at the intersection of South Estes Drive and North Fordham Road (NC Route 15/501), a main thoroughfare that connects the property to the University of North Carolina at Chapel Hill, which is three miles away and has an enrollment of approximately 30,000 students.

Additionally, the area surrounding University Place is a commercial hub, and the center is exposed to 37,000 vehicles per day.  More than 32,230 residents earning an average annual household income of $133,530 live within a three-mile radius of the property. 

University Place was renovated and expanded in 2013 by Madison Marquette as part of a multi-phase redevelopment plan.

Richard Reid
In addition to Harris Teeter, the property is home to dozens of tenants, including Southern Season, Planet Fitness, Silverspot Cinema, Burlington Shoes, City Kitchen, Chick-fil-A, Bath & Body Works, AT&T, Stoney River Steakhouse and Grill and Bartaco.

“We are fortunate to have the opportunity to acquire the dominant retail asset in the Chapel Hill trade area” stated Casey Cummings, Ram’s CEO.  “The work that Madison Marquette started several years ago has set the stage for the next iteration of University Place.  We look forward to creating a vibrant commercial environment that responds to the current needs of the community.”

Ram also owns and is renovating Elliot Square, a 69,000-square-foot shopping center, and is developing 272 apartments on an adjacent site.

Casey Cummings
The HFF investment advisory team that arranged this transaction included senior managing director and co-head of HFF’s retail practice Daniel Finkle, senior managing director Richard Reid, managing director John Owendoff, senior directors Jordan Lex and Tom Kolarczyk and senior associate Kim Flores. 

Holliday GP Corp. (“HFF”) is a North Carolina licensed real estate broker.

Madison Marquette merged operations with PMRG in June 2018 to create a new leader in commercial real estate.  

The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise.  

John Owendoff
Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes.  

 PMRG’s dominance in the southern U.S. combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry.  

The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion.  The combined company is headquartered in Washington, D.C. with a major presence in Houston, Texas, and will be transitioning to the Madison Marquette brand in the fourth quarter of 2018.

  With 600 professionals in 13 regional markets, the merged firm is a member of the Capital Guidance group of companies.

Jordan Lex
Please Visit to learn more.

Ram Realty Advisors acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast. 

The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles.  Since 1996, Ram has deployed in excess of $2.8 billion of capital.  

The company’s assets are primarily operated by its management affiliate — 5/ten Management. Ram and its predecessor entities were founded in 1978.

 The company is headquartered in Palm Beach Gardens, Florida, and has offices in Fort Lauderdale, Charlotte, Chapel Hill and Nashville.  

To learn more, please visit

Tom Kolarczyk


HFF Senior Managing Director
(305) 448-1333

NC Lic. #276931
HFF Director
(704) 526-2800

HFF Digital Content/Public Relations Specialist
(713) 852-3420

Hanley Investment Group Arranges Sale of New Multi-Tenant Retail Property in St. Louis, MO Suburb for $8.2 Million

Kirkwood Square, 10700-10712 Manchester Road
St. Louis County, Kirkwood, MO
KIRKWOOD, MO - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced  the firm has completed the sale of a 15,944-square-foot, new construction, five-tenant retail pad building shadow-anchored by a new Fresh Thyme Market located in a St. Louis suburb.

Jeff Lefco
 The sale price was $8,225,000.

Hanley Investment Group’s Vice President Jeff Lefko and Executive Vice President Bill Asher, along with Kevin Shapiro of L3 Corporation of St. Louis, represented the seller, Kirkwood Square, LLC, based in Clayton, Missouri.

The buyer, a private investor from the Los Angeles area, was represented by Steve Maynard of Maynard Group of El Segundo, California.

Bill Asher
Built in 2017, Kirkwood Square is located on 1.29 acres at 10700-10712 Manchester Road in St. Louis County in the city of Kirkwood, Missouri. The property is 100-percent leased to five national and regional tenants on new 10-year leases.

“There was no shortage of interest in the property due to its outstanding location, quality of tenants and new long-term leases,” Lefko said.

 “The challenge was educating buyers on a non-traditional tenant mix consisting of 67 percent medical and no food uses. The property is 100-percent leased to 100-percent service-based, internet-resistant tenants.”

Kevin Shapiro
Tenants include Mercyhealth Family Medicine (6,000 square feet) and Mercy-GoHealth Urgent Care (3,324 square feet).

Mercyhealth was named one of the top five large U.S. health systems in the U.S. in 2018 and includes more than 40 acute care and specialty hospitals and 800 physician practices and outpatient facilities.

 Other tenants include AT&T (2,460 square feet), Treats Unleashed (2,560 square feet) and Sport Clips (1,600 square feet).

According to Asher, “The lack of supply of quality available retail product, coupled with investor demand, are primary drivers for a record-breaking sale like this in the multi-tenant retail sector. Investors continue to comb the market for the right retail opportunities and landing on assets like this one because of the strength of location, sustainable internet-resistant, service-related tenant mix and overall elevated return.”

“This transaction is the only multi-tenant retail pad property above $7 million to trade below a 6.90 percent cap rate in the Midwest in 2018, according to CoStar,” said Lefko.

Asher noted that this sale was one of the lowest cap rates at an effective 6.87 percent and the highest price-per-square-foot sales in the Midwest since 2010 (excluding urban Chicago).

A 22-minute drive to downtown St. Louis, Kirkwood Square is located just off of the signalized intersection of Manchester Road and Kirkwood Road, one of the top signalized intersections in the region with 53,000 cars per day at the intersection. Average household incomes exceed $140,000 within a one-mile radius of the property and over 183,000 people within a five-mile radius.


Anne Monaghan