Thursday, May 7, 2015

HFF closes sale of 14-property, multi-state seniors housing portfolio in Six States


Chad Lavender
 DALLAS, TX, May 7, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a 14-property seniors housing portfolio totaling 1,038  units located in California, Oklahoma, Ohio, Texas, West Virginia and North Carolina.

HFF marketed the portfolio on behalf of the seller, a joint venture between private funds managed by Iron Point Partners, LLC and Meridian Senior Living, LLC (Meridian). 

ROC Seniors Housing Fund Manager, LLC (“ROC Seniors”) purchased the 14-property portfolio for an undisclosed amount.  

In addition, ROC Seniors agreed to purchase an additional 46-unit asset located in Ohio that will close at a later date.   Meridian will continue to manage the properties.

The portfolio is comprised of a mix of independent living, assisted living and memory care units.  Properties are located in Anaheim, Riverside, Culver City, Los Angeles, West Hills and Lompoc, California; Mustang and Oklahoma City, Oklahoma; Toledo, Ohio; Tomball, Texas; Elkins, West Virginia; and Fayetteville, North Carolina.

The HFF team representing the seller was led by managing director Ryan Maconachy and director Chad Lavender.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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