Seniors Housing Business

AUG-SEP 2015

Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.

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22 www.seniorshousingbusiness.com Seniors Housing Business n August-September 2015 Acquisitions Family owned and operated since 1990, The LaSalle Group, Inc. designs, develops, builds, manages, and owns 41 Autumn Leaves ® memor y care assisted living communities. All Autumn Leaves communities are designed specifically for people with Alzheimer's and other forms of dementia. With our Total Delivery Approach ™ , we're helping to meet the growing demand for excellent memory care in all phases of the business. The LaSalle Group continues to strategically grow the company at a smart pace, identifying prime locations in under-ser ved markets for our Autumn Leaves and senior living residences, and to leverage our expertise in healthcare and other specialized real estate. BETTER MEMORY CARE. BY DESIGN. THE L ASALLE GROUP 545 E. John Carpenter Freeway Ir ving, Texas 75062 (214) 845-4500 lasallegroup.com represented the seller, Bellagio Manor Inc. Caddis acquires Fountainview Estates in Texas Longview, Texas — Caddis, a national healthcare real estate frm headquartered in Dallas, has acquired 74-unit assisted living and memory care community Fountain- view Estates in Longview, about a two-hour drive east of Dallas. The acquisition price was not disclosed. Located at 1408 Lago Trail on the city's northwest side, the community will become part of Caddis' Heartis brand and will be renamed Heartis Longview. Frontier Management, a seniors housing operator headquartered in Portland, Ore., assumed manage- ment duties upon closing. Mike Pardoll of Marcus & Mil- lichap's Charlotte offce brokered the deal. SLIB arranges sale of CCRC in St. Louis for $12.85 million St. Louis — Senior Living Investment Brokerage Inc. has facilitated the sale of Hidden Lake, CNL buys multi-state seniors housing portfolio for $195 million Dallas — CNL Healthcare Properties has pur- chased a fve-property seniors housing portfolio totaling 709 units for $195 million. Dallas-based HFF marketed the portfolio located in the Southeast and Texas on behalf of the seller, AEW Capital Management LP and its affliate AEW Senior Housing Investors LP. Ryan Maconachy and Chad Lavender, managing direc- tors for HFF, represented the seller. Properties in the portfolio include Parc at Duluth in Duluth, Ga.; Parc at Piedmont in Mari- etta, Ga.; The Blake at Gulf Breeze in Gulf Breeze, Fla. (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 portfolio encompasses a mix of indepen- dent living, assisted living and memory care units, which are 93.1 percent leased overall. Boston-based AEW Capital Management provides real estate investment management ser- vices to investors worldwide. Founded in 1981, AEW and its affliates manage more than $47 bil- lion of property and securities in North America, Europe and Asia. Orlando, Fla.-based CNL is a non-traded REIT that focuses on acquiring properties in the seniors housing and healthcare sectors. During the frst seven months of 2015, CNL invested approxi- mately $540 million in 25 medical offce buildings and seniors housing communities. The company's total portfolio now stands at 125 assets in 29 states with a value of approxi- mately $2.5 billion. HFF operates out of 22 offces nationwide and is a provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. The Parc at Duluth in Duluth, Ga., is one of fve properties in the Southeast and Texas recently purchased by CNL Healthcare Properties. Continued from page 20

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