HFF Announces Sale and Financing of 9-Property Seniors Housing Portfolio in Southeastern U.S.

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Ryan Maconachy

DALLAS–Holliday Fenoglio Fowler, L.P. (HFF) announced the sale and financing of a nine-property seniors housing portfolio totaling 1,558 units across the southeastern United States.

The HFF team marketed the property on behalf of the seller, Dominion Partners, acting on behalf of its affiliated partner, Somerby Senior Living. Bridge Investment Group purchased the offering free and clear of existing debt. Additionally, the team worked on the new owner’s behalf to advise on acquisition financing.

The portfolio, which has an average weighted vintage of 2012, includes seven stabilized assets averaging 94.3 percent occupancy and two assets in the late stages of lease-up. All of the communities are located in diversified, high-barrier-to-entry markets with a unit mix that includes 134 independent living villas, 771 independent living units, 393 assisted living units and 260 memory care units.

The HFF investment advisory team representing the seller included senior managing directors Ryan Maconachy and Chad Lavender.

HFF’s debt placement team representing the new owner included director Sarah Anderson.