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| MorningStar of Wheat Ridge, Wheat Ridge, CO |
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| John Reinsma |
Previously the owner of
both projects, Confluent Senior Living co-developed each community with its
operating partner MorningStar Senior Living. MorningStar will maintain its role
as operator for the communities. Holliday Fenoglio Fowler (HFF) brokered the
deal on behalf of the new owner, Harbert Seniors Housing Fund I, LP.
Located in the Denver
suburb of Wheat Ridge, the MorningStar of Wheat Ridge community was completed
in March 2016.
The 58,000-square-foot development includes 64 assisted living and memory care suites. The project was fully leased by February 2017, less than a year after completion, and is currently 96.9 percent occupied.
The 58,000-square-foot development includes 64 assisted living and memory care suites. The project was fully leased by February 2017, less than a year after completion, and is currently 96.9 percent occupied.
Located in northwest
Albuquerque, the MorningStar of Albuquerque community opened in February 2016.
The 61,000-square-foot development includes 69 assisted living and memory care
suites. The project earned an Award of Excellence from NAIOP New Mexico and is
currently 95.6 percent occupied.
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| Sarah Anderson |
“We’re thrilled with the successful sale of two quality senior living assets,” said John Reinsma, managing director of Confluent Senior Living. “These sales represent the strength of our senior living portfolio, with the projects fully stabilized and primed for a smooth transition of ownership fewer than 12 months after completion.”
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| Ryan Maconachy |
These Wheat Ridge and
Albuquerque communities represent Confluent’s first sale of senior living
assets to Harbert Seniors Housing Fund. The HFF investment sales team was led
by senior managing directors Ryan
Maconachy and Chad Lavender.
HFF’s debt placement team was led by director Sarah Anderson.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza,
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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