NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24HF&src=ctag” target=”_blank”gt;$HFlt;/agt; lt;a href=”https://twitter.com/hashtag/HFFS?src=hash” target=”_blank”gt;#HFFSlt;/agt;–HFF Securities, L.P. (HFFS) and Holliday Fenoglio Fowler, L.P. (HFF)
announced today that they have advised CNL Healthcare Properties, Inc.
on its $1.25 billion sale to Welltower Inc. of a Class A medical office
portfolio totaling 55 buildings across 16 states. HFFS was engaged in
2018 to act as a strategic financial advisor in exploring and executing
potential liquidity alternatives for CNL Healthcare Properties.
The medical office portfolio comprises approximately 3.3 million square
feet across 16 states, positioned in strategic locations within major
metropolitan markets. The facilities are affiliated with some of the
nation’s premier health systems, including Novant, Memorial Hermann and
Cleveland Clinic.
In April, HFFS advised on the sale of four Inpatient Rehabilitation
Facilities (IRFs) for a total of $94 million, also on behalf of CNL
Healthcare Properties Inc. Global Medical REIT Inc. was the buyer.
The HFFS team representing CNL was led by senior managing directors
Steve Hentschel and Ted Flagg as well as members of HFF’s national
medical office capital markets team, including managing directors Evan
Kovac and Ben Appel and directors Andrew Milne, Zach Drozda and Anthony
Frogameni.
“This is the second largest medical office portfolio sale to ever
transact based on total dollar volume,” said Milne. “The high-quality
portfolio primarily consists of properties positioned in major markets
and on campuses of leading U.S. healthcare systems.”
“The CNL engagement demonstrates the broad strength of HFF’s platform
across REIT investment banking and medical office/seniors housing
capital markets advisory platforms,” added Flagg. “We are proud to bring
this all together with a great client such as CNL.”
About CNL Healthcare Properties
CNL Healthcare Properties, Inc., is a real estate investment trust
(REIT) that focuses on investing in institutional quality properties in
the seniors housing and healthcare sectors, including stabilized,
value-add and ground-up 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 CNL Financial Group
CNL Financial Group (CNL) is a private investment management firm
providing real estate and alternative investments. Since inception in
1973, CNL and/or its affiliates have formed or acquired companies with
more than $34 billion in assets. CNL is headquartered in Orlando,
Florida. For more information, visit cnl.com.
About Welltower
Welltower Inc. (NYSE: WELL),
an S&P 500 company headquartered in Toledo, Ohio, is driving the
transformation of health care infrastructure. The company invests with
leading seniors housing operators, post-acute providers and health
systems to fund the real estate infrastructure needed to scale
innovative care delivery models and improve people’s wellness and
overall health care experience. Welltower™, a real estate investment
trust (“REIT”), owns interests in properties concentrated in major,
high-growth markets in the United States, Canada and the United Kingdom,
consisting of seniors housing and post-acute communities and outpatient
medical properties. More information is available at welltower.com.
Welltower routinely posts important information on its website at welltower.com
in the “Investors” section, including corporate and investor
presentations and financial information. The firm intends to use its
website as a means of disclosing material, non-public information and
for complying with its disclosure obligations under Regulation FD. Such
disclosures will be included on its website under the heading
“Investors.” Accordingly, investors should monitor such portion of the
company’s website in addition to following company press releases,
public conference calls and filings with the Securities and Exchange
Commission. The information on Welltower’s website is not incorporated
by reference in this press release, and the web address is included as
an inactive textual reference only.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE: HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.
Contacts
TED FLAGG
HFFS Senior Managing Director
(212) 336-5482
[email protected]
EVAN KOVAC
HFF Managing Director
(206) 576-0050
[email protected]
KRISTEN MURPHY
HFF Director, Public Relations
(617)
338-0990
[email protected]
