HFF Announces Sale and Financing of 3 Seniors Housing Properties in Washington and California
HFF (HF)
Last hff earnings: 4/24 04:15 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=205281&p=irol-irhome
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Source: Business Wire
DALLAS--(BUSINESS WIRE)-- Holliday Fenoglio Fowler, L.P. (“HFF”) announces the sale and financing of three Class A seniors housing properties totaling 253 units in suburban Seattle and Northern California. The HFF team marketed the property exclusively on behalf of the seller, Áegis Living. A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased the properties free and clear of existing financing. Additionally, HFF’s debt placement team worked on behalf of the new owner to secure fixed-rate agency financing to fund the acquisition. The portfolio offers a blend of assisted living and memory care units within properties that feature best-in-class finishes and have a combined average occupancy of nearly 95 percent. The two Seattle-area properties in the portfolio are Áegis of Bellevue at 148 102nd Avenue SE in Bellevue, which consists of 68 assisted living and 18 mem
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