HFF Closes Sale of 5-Property, Multi-State Seniors Housing Portfolio

DALLAS--(BUSINESS WIRE)--

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a five-property seniors housing portfolio totaling 709 units located in the southeastern United States.

HFF marketed the portfolio on behalf of the seller, AEW Capital Management, L.P. AEW sold the property on behalf of AEW Senior Housing Investors, L.P. CNL Healthcare Properties purchased the assets for $195 million. The portfolio was offered free and clear of existing debt.

The portfolio encompasses a mix of independent living, assisted living and memory care units, which are 93.1 percent leased overall. Properties in the portfolio are: Parc at Duluth in Duluth, Georgia; Parc at Piedmont in Marietta, Georgia; The Blake at Gulf Breeze in Gulf Breeze, Florida (now known as The Beacon at Gulf Breeze); Pavilion at Great Hills in Austin, Texas; and The Hampton at Meadow Place in Stafford, Texas.

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

About AEW Capital Management, L.P.

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world's leading real estate investment advisors, AEW and its affiliates manage more than $47 billion of property and securities in North America, Europe and Asia (as of March 31, 2015). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Hong Kong and Singapore, as well as additional offices in eight European cities. For more information please visit www.aew.com.

About CNL Healthcare Properties

CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that focuses on acquiring properties in the seniors housing and healthcare sectors, including stabilized, value-add and development assets, as well as other income-producing properties, real-estate related securities and loans. CNL Financial Group, LLC is the sponsor of CNL Healthcare Properties. For more information, visit CNLHealthcareProperties.com.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HF. HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.

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