HFF Announces Sale and Financing of 3 Seniors Housing Properties in Washington and California

DALLAS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24HF&src=ctag” target=”_blank”gt;$HFlt;/agt; lt;a href=”https://twitter.com/hashtag/CRE?src=hash” target=”_blank”gt;#CRElt;/agt;–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 of 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.

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the
California Department of Real Estate, License Number 01385740.

About Áegis Living

Áegis Living is a national leader in assisted living and memory care.
The privately-held company founded in 1997 is headquartered in Bellevue,
Washington, and operates 30 communities in Washington, California and
Nevada. Follow the company on Twitter
@Áegisliving and Facebook at http://www.facebook.com/ÁegisLiving.
Visit the company website at www.Áegisliving.com.

About Blue Moon Capital Partners

Blue Moon, headquartered in Boston, Massachusetts, and co-founded by
Kathryn Sweeney and Susan Barlow, is focused exclusively on the senior
housing sector. Through a series of funds and a separate account, Blue
Moon invests in development and recapitalization of new, purpose built,
innovative senior housing communities in joint venture with leading
senior housing developers and operators.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE: HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.

Contacts

DAVID FASANO
HFF Senior Director
(214) 265-0880
dfasano@hfflp.com

SARAH ANDERSON
HFF Director
(214) 265-0880
sanderson@hfflp.com

MARK WINTNER
CA Lic. #01338778
HFF Managing Director
(310)
407-2100
mwintner@hfflp.com

CHRISTOPHER ROSS
WA Lic. #27291
HFF Director
(206)
576-0050
cross@hfflp.com

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713)
852-3403
ohennessey@hfflp.com

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