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| Discovery Point, Mesa, AZ |
PORTLAND, OR – HFF announced today that it has secured $6.5
million in financing for Discovery Point, a 183-unit, independent living
community in Mesa, Arizona.
HFF worked on behalf of the
borrower, Campbell-Hogue & Associates, Inc., to secure the seven-year,
fixed-rate loan through a national lender that will securitize the loan.
Discovery Point is a full-service, seniors independent living facility
located at 6210 East Arbor Avenue in Mesa, Arizona approximately 28 miles east
of downtown Phoenix.
Completed in 1995,
the three-story property is 94.54 percent leased and includes 183 units
averaging 600 square feet each.
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| Casey Davidson |
Services include meal preparation, home maintenance,
personal and group transportation, resident wellness programs and
housekeeping. Amenities consist of
lounges on each floor, a library, heated swimming pool, activities and billiards
room, outdoor gazebo and barbecue area.
The property is managed by Guardian Management.
The HFF team was led by managing director Casey Davidson.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel
617.543.4873 | www.hfflp.com
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