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| Chevy Chase House, 5420 Connecticut Avenue NW, Washington, DC |
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| Ryan Maconachy |
DALLAS, TX -- Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $54.5 million sale of
two seniors housing assets totaling 219 units – Chevy Chase House in
Washington, D.C. and Country House in Yorktown Heights, New York.
HFF marketed the asset on
behalf of the seller, Holladay Corporation.
A joint venture between Blue Vista Capital Management, LLC and Meridian
Senior Living, LLC purchased the communities free and clear of existing debt.
Chevy Chase House is
located at 5420 Connecticut Avenue NW in Washington, D.C. The community includes 131 independent living,
assisted living and respite care units across a mix of studio, one- and
two-bedroom floor plans averaging more than 600 square feet each.
Chevy Chase House is situated close to
best-in-class medical providers, including Sibley Memorial and Walter Reed National
Military Medical Center, and high-end neighborhood amenities such as Starbucks,
the Avalon Theater, a public library and numerous restaurants.
Country House is located
at 2000 Baldwin Road in the
Westchester County community of Yorktown
Heights proximate to best-in-class medical providers in the surrounding
area. The property has 88 independent
living, assisted living and respite care units as well as wellness amenities,
including Wii bowling, yoga instruction and body movement classes.
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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