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| Sarah Baccich |
DALLAS, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $42.9 million in
construction financing for HarborChase
of the Park Cities, a 134-unit, luxury assisted living and memory care
community in North Dallas’ Preston Center.
HFF worked exclusively on
behalf of a joint venture between Silverstone Healthcare Company (Silverstone)
and L&B Realty Advisors, to place the four-year, floating-rate construction
loan with Texas Capital Bank and Guaranty Bank & Trust. Silverstone’s operating partner, Harbor
Retirement Associates (HRA), will manage the property under the HarborChase
brand.
HarborChase of the Park
Cities will be located at 5905 Sherry Lane in Preston Center directly southeast
of the intersection of the Dallas North Tollway and Northwest Highway (Loop 12)
and approximately 6.3 miles north of Dallas’ central business district.
The affluent Preston
Hollow and Park Cities neighborhoods border the property to the north and south
respectively. Due for completion in
2017, HarborChase of the Park Cities will have 105 assisted living and 29
memory care units.
Property amenities will include a
restaurant-style dining room, salon, lounges, balconies and wellness room.
The HFF debt placement
team was led by director Jim Curtin,
senior managing directors Ryan Maconachy
and Chad Lavender and associate
director Sarah Baccich.
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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