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.

CHARLOTTE, NC – January 11, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $20.23 million in acquisition financing for The Linden, a newly developed, 162-unit, mixed-use apartment property with approximately 6,000 square feet of ground floor retail in Davidson, North Carolina.

The HFF team worked exclusively on behalf of Raleigh, North Carolina-based Blue Heron Asset Management, LLC to secure the Fannie Mae loan through M&T Realty Capital Corporation.

The Linden is ideally positioned in the highly desirable and supply-constrained Charlotte suburb of Davidson, which provides nearby access to Lake Norman and walkability to the shops and amenities of Downtown Davidson as well as Davidson College.  Additionally, the property is surrounded by several major economic drivers, including MSC Industrial Supply Company’s U.S. headquarters, Ingersoll Rand’s North American headquarters and Lowe’s global headquarters. Furthermore, the property will benefit from the soon-to-be-completed Interstate 77 infrastructure improvements, which will allow for direct access to all of Charlotte, including Uptown.  

Completed in 2016, The Linden consists of a mix of studio, one- and two-bedroom units along with more than 5,800 square feet of fully leased ground-floor retail.  Units feature open floor plans with modern finishes such as gourmet kitchens with granite countertops, European-style cabinetry, stainless steel appliances and wood-plank flooring.  Community amenities include a resort-style pool, grilling area, fire pit, state-of-the-art athletic club, clubroom, coffee bar, library, conference room and corporate suites. 

The HFF team representing the borrower consisted of senior director Roger Edwards. Loan origination by M&T Realty Capital Corporation was led by managing director Robert Ryan.

CHICAGO, IL – January 10, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Westmont Village Apartments, a 558-unit, garden-style apartment community in Westmont, Illinois.

The HFF team marketed the property on behalf of the seller, Long Wharf Capital LLC, and procured the buyer, a joint venture between a fund managed by DRA Advisors LLC and Marquette Companies.  HFF previously arranged financing for the property in 2016.

Westmont Village Apartments consists of 31 residential buildings comprising 558 units averaging 1,100 square feet each.  Situated on 29 acres at 6713 Lake Shore Drive, the community offers access to surrounding DuPage County cities and the Chicago metropolitan area via Interstate 355 to the west, Interstate 88 to the north, Interstate 294 to the east and Interstate 55 to the south.  The property offers a variety of one-, two- and three-bedroom floor plans with different levels of amenities.  Long Wharf recently completed unit renovations and constructed a new resident clubhouse with a fitness center and outdoor swimming pool, a dog park and picnic areas with grilling stations.

The HFF investment advisory team representing the seller included director Kevin Girard, managing directors Marty O’Connell and Sean Fogarty and senior director Wick Kirby.

“We are pleased with the outcome of this well-located property, from the physical improvements to the simplification of the previously fractured ownership structure, all of which made the asset appealing to an institutional buyer like DRA Advisors,” said Steve Varney, a director at Long Wharf Capital.

CHICAGO, IL – January 8, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of The Commons at Town Center, a boutique luxury residential and retail property in the affluent North Shore community of Vernon Hills, Illinois.

The HFF team marketed the property on behalf of the seller, Inland Residential Properties Trust, Inc. (a member company of The Inland Real Estate Group of Companies, Inc.), and procured the buyer, FPA Multifamily, LLC.

The Commons at Town Center consists of 85 residential units averaging 1,240 square feet and more than 10,000 square feet of ground-floor retail space leased to Sam Martirano Salon & Spa, Hawthorn Dental Associates, Design Studio Jewelry, Eight Piece and Giuseppe’s Pizza.  Completed in 2010, the six-story property is located just northwest of Highway 45 and N. Milwaukee Avenue at 1255 Town Center, which positions it near 225,000 square feet of retail, award-winning schools and more than a dozen Fortune 500 employers.  In addition to the retail component, community amenities include a heated indoor parking garage, fully equipped fitness center, hospitality room and resident lounge.  The one- through three-bedroom, condo-quality units feature well-appointed kitchens inclusive of granite countertops, high-end cabinetry, stainless steel appliance and large peninsulas; full-size washers and dryers; large walk-in closets; and expansive balconies.  Both the residential and retail components are fully leased.

The HFF investment advisory team included senior director Wick Kirby, managing directors Sean Fogarty and Marty O’Connell and director Kevin Girard.

DALLAS, TX – January 8, 2019 - Holliday Fenoglio Fowler, L.P. (HFF) announces 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.

CHICAGO, IL – January 7, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of LINEA, a newly constructed, 265-home, luxury high-rise apartment building located at 215 West Lake Street in downtown Chicago.

The HFF team marketed the property on behalf of the seller, a partnership between LaSalle Investment Management, Inc. and Moceri + Roszak, LLC.  Pacific Reach purchased the offering for an undisclosed amount.

Completed in mid-2017, LINEA is a 33-story tower comprising nearly 235,000 rentable residential square feet across a mix of studio through three-bedroom floor plans as well as nearly 5,000 square feet of fully occupied ground-floor retail.  The 95-percent-occupied property is steps from the Chicago Riverwalk and boasts a Walk Score® of 98 due to its proximity to top employers, including four of Chicago’s newest Class A office towers, and vibrant River North restaurants, nightlife and retail destinations.  LINEA is also situated at the nexus of numerous transportation options, including CTA trains and buses, Metra trains, Divvy bikes and water taxis earning it a Transit Score of 100.

LINEA’s apartment homes have intuitively designed layouts, including gourmet kitchens with quartz countertops, stainless steel appliances, designer cabinetry and oversized islands with bar seating; exposed concrete ceilings and accent walls; unique bay windows providing enhanced city views; wood-grain flooring throughout; in-unit washers and dryers; and walk-in closets.  The LEED-certified property also incorporates unprecedented amenity space with the top two floors dedicated to live-work-play space such as a sky lounge with 20-foot glass windows showcasing the Chicago skyline, indoor/outdoor pool with hot tub, sundeck, state-of-the-art fitness center and yoga studio, expansive lounge areas and outdoor terraces, fire pits, library with fireplace, media room with TV lounge and bar area, multiple conference rooms, custom art collection and an eco-friendly terrace with dog run.

The HFF investment advisory team included managing directors Sean Fogarty and Marty O’Connell, senior director Wick Kirby and director Kevin Girard.