BEE CAVE, Texas — HFF has arranged the sale of Park Manor at Bee Cave, a 140-bed skilled nursing facility in the Austin suburb of Bee Cave, for an undisclosed price.
Meridian Realty Advisors sold the property to an undisclosed buyer.
Completed in 2014, Park Manor at Bee Cave is the only nursing facility within a four-mile radius, according to HFF. Residents within that radius earn more than $160,000 per year on average, and 15 percent are over age 65. The property is also near Baylor Scott & White Medical Center – Lakeway.
The HFF investment advisory team included David Fasano, Ryan Maconachy and Chad Lavender.