DALLAS, TX - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Carpenters Creek and Creekside, two seniors housing communities totaling 179 units in Pensacola, Florida.
HFF marketed the offering exclusively on behalf of the seller, a private San Diego-based owner/operator. Capital Senior Living purchased the assets for $48 million free and clear of existing debt. The properties are 93.9 percent leased overall.
The HFF team representing the seller was led by senior managing directors Ryan Maconachy and Chad Lavender.
About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: 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.