DALLAS, TX – January 14, 2019 – 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 memory care units, and Áegis Lodge of Kirkland at 12629 116th Avenue NE in Kirkland, which consists of 70 assisted living and 17 memory care units.  The Northern California property, Áegis of Aptos, is located at 125 Heather Terrace in Aptos, which is an oceanside community approximately eight miles east of Santa Cruz and less than 40 miles south San Jose.

The HFF investment advisory team representing the seller included senior director David Fasano, senior managing directors Ryan Maconachy and Chad Lavender and senior director Ross Sanders along with managing director Mark Wintner and director Christopher Ross.

HFF’s debt placement team representing the borrower was led by director Sarah Anderson.