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| Steve Hentschel |
NEW YORK, NY –– HFF Securities, L.P. (HFFS) and Holliday Fenoglio
Fowler, L.P. (HFF) announced today that they have advised CNL Healthcare
Properties, Inc. on its $1.25 billion sale to Welltower Inc. of a Class A
medical office portfolio totaling 55 buildings across 16 states.
HFFS was engaged in 2018 to act as a strategic financial
advisor in exploring and executing potential liquidity alternatives for CNL
Healthcare Properties.
The medical office portfolio comprises approximately 3.3 million square
feet across 16 states, positioned in strategic locations within major
metropolitan markets.
The facilities are affiliated with some of the
nation’s premier health systems, including Novant, Memorial Hermann and
Cleveland Clinic.
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| Ted Flagg |
In April, HFFS advised on the sale of four Inpatient Rehabilitation
Facilities (IRFs) for a total of $94 million, also on behalf of CNL Healthcare
Properties Inc. Global Medical REIT Inc. was the buyer.
The HFFS team representing CNL was led by senior managing directors Steve
Hentschel and Ted Flagg as well as members of HFF’s national
medical office capital markets team, including managing directors Evan Kovac
and Ben Appel and directors Andrew Milne, Zach Drozda and Anthony
Frogameni.
“This is the second largest medical office portfolio sale to ever transact
based on total dollar volume,” said Milne. “The high-quality portfolio
primarily consists of properties positioned in major markets and on campuses of
leading U.S. healthcare systems.”
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| Evan Kovac |
“The CNL engagement demonstrates the broad strength of HFF’s platform
across REIT investment banking and medical office/seniors housing capital
markets advisory platforms,” added Flagg. “We are proud to bring this all
together with a great client such as CNL.”
About CNL Healthcare
Properties
CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that
focuses on investing in institutional quality properties in the seniors housing
and healthcare sectors, including stabilized, value-add and ground-up
development assets, as well as other income-producing properties, real-estate
related securities and loans.
CNL Financial Group, LLC is the sponsor of
CNL Healthcare Properties.
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| Ben Appel |
About CNL Financial Group
CNL Financial Group (CNL) is a private investment management firm providing
real estate and alternative investments. Since inception in 1973, CNL
and/or its affiliates have formed or acquired companies with more than$34 billion in assets. CNL is headquartered in Orlando, Florida.
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| Andrew Milne |
About Welltower
Welltower Inc. (NYSE: WELL), an S&P 500 company
headquartered in Toledo, Ohio, is driving the transformation of health
care infrastructure.
The company
invests with leading seniors housing operators, post-acute providers and health
systems to fund the real estate infrastructure needed to scale innovative care
delivery models and improve people's wellness and overall health care
experience.
Welltower™, a
real estate investment trust ("REIT"), owns interests in properties
concentrated in major, high-growth markets in the United
States, Canada and the United Kingdom, consisting of seniors
housing and post-acute communities and outpatient medical properties.
 |
| Zack Drozda |
Welltower
routinely posts important information on its website at welltower.com in the "Investors"
section, including corporate and investor presentations and financial
information.
The firm intends
to use its website as a means of disclosing material, non-public information
and for complying with its disclosure obligations under Regulation FD. Such
disclosures will be included on its website under the heading
"Investors."
 |
| Anthony Frogameni |
Accordingly,
investors should monitor such portion of the company's website in addition to
following company press releases, public conference calls and filings with
the Securities and Exchange Commission.
The information
on Welltower’s website is not incorporated by reference in this press release,
and the web address is included as an inactive textual reference only.
CONTACTS:
TED FLAGG
HFFS Senior Managing Director
(212) 336-5482
EVAN KOVAC
HFF Managing Director
(206) 576-0050