Majority rules

September 9, 2016March 30, 2017 Steve Monroe Acquisitions, Financings Cornerstone Real Estate Advisers, Cushman & Wakefield, Heitman, Merrill Gardens Leave a comment

Merrill Gardens found a new majority partner for a small portfolio of four senior living communities on the West Coast it had either developed or acquired in the last couple of years. Previously a minority owner with an affiliate of Heitman (a real estate investment management company based in Chicago), the Seattle-based operator had developed […]

HFF closes high value deal in Northeast

July 12, 2016October 18, 2017 Steve Monroe Acquisitions Cornerstone Real Estate Advisers, Formation Capital, Formation Development Group, HFF, Holliday Fenoglio Fowler, Shelbourne Capital, Shelbourne Healthcare Development Group Leave a comment

Holliday Fenoglio Fowler, L.P. (HFF) closed one of the most expensive seniors housing transactions ever (on a per-unit basis), with its sale of two assisted living/memory care communities in the Northeast for $98.25 million, or almost $575,000 per unit. There were several factors that led to this near-record price. First was the location. One of […]