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| Aston Gardens Seniors Housing Portfolio, Florida |
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| Ryan Maconachy |
DALLAS, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a six-property
seniors housing portfolio in Florida, known collectively as Aston Gardens.
HFF exclusively marketed
the offering on behalf of the seller, Kayne Anderson Real Estate Advisors. A joint venture between Welltower, Inc. and
Canada Pension Plan Investment Board (CPPIB) purchased a 97.5 percent stake in
the portfolio in an off-market transaction for $555 million.
Welltower, Inc. holds a 55
percent stake in the joint venture while CPPIB owns the remaining 45
percent. The other 2.5 percent stake was
purchased by Discovery Senior Living for nearly $15 million.
The Aston Gardens portfolio
encompasses six, private-pay, primarily independent living seniors housing
properties totaling 1,930 units. The
Class A+, lifestyle-oriented assets have amenities such as heated swimming
pools, spas, fitness centers, beauty salons, resident clubhouses and activity
centers, arts and crafts studios, putting greens, walking paths and concierge
services.
The HFF team representing
the seller was led by senior managing directors Ryan Maconachy and 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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