FLORIDA, GEORGIA and SOUTH CAROLINA — HFF has arranged the sale of five seniors housing properties totaling 325 units across the Southeastern United States.
The seller was Principal Senior Living Group. A national private equity fund purchased the properties free and clear of existing debt. The price was not disclosed.
Principal Senior Living will continue to operate all five properties under the Benton House brand. The portfolio, which consists of properties in Florida, Georgia and South Carolina, has an average completion date of 2015 and a total 225 assisted living and 100 memory care units.
The HFF investment advisory team representing the seller included Ross Sanders, David Fasano, Ryan Maconachy and Chad Lavender.