HFF Arranges Sale of 14-Property, Multi-State Portfolio

by Jeff Shaw

DALLAS — Commercial real estate broker Holliday Fenoglio Fowler (HFF) has arranged the sale of a 14-property seniors housing portfolio totaling 1,038  units located in California, Oklahoma, Ohio, Texas, West Virginia and North Carolina. The purchase price was not disclosed.

HFF represented the seller, a joint venture between private equity fund manager Iron Point Partners and seniors housing operator Meridian Senior Living, which already managed the portfolio.

Seniors housing investor ROC Seniors Housing Fund Manager was the buyer, and also agreed to purchase an additional 46-unit asset located in Ohio that will close at a later date. Meridian will continue to manage the properties.

The portfolio is comprised of a mix of independent living, assisted living and memory care units. Properties are located in Anaheim, Riverside, Culver City, Los Angeles, West Hills and Lompoc in California; Mustang and Oklahoma City in Oklahoma; Toledo, Ohio; Tomball, Texas; Elkins, W.V.; and Fayetteville, N.C.

The HFF team representing the seller was led by managing director Ryan Maconachy and director Chad Lavender.

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