CERTAINTY OF EXECUTION.
CLARITY OF THOUGHT.
HUNT MORTGAGE GROUP
MORE THAN MULTIFAMILY LENDING
huntmortgagegroup.com
Hunt Mortgage Group historically focused on fnancing
multifamily properties, but today we also fnance:
Healthcare/Senior Living
Affordable Housing
Manufactured Housing Office Retail
Industrial
Self-Storage
Hunt Mortgage Group, through predecessor frms,
has been in business more than forty years. Having
originated over $19 billion of multifamily loans, today
Hunt Mortgage Group has a servicing portfolio of
more than $10.9 billion.
To learn more about fnancing from Hunt Mortgage Group contact:
Atlanta John Beam | 404.921.2555 | john.beam@huntcompanies.com
Austin James Neil | 512.329.1984 | james.neil@huntcompanies.com
Boston Hayley Suminski | 857.305.4109 | hayley.suminski@huntcompanies.com
Chicago Peter Margolin | 312.906.2517 | peter.margolin@huntcompanies.com
Cleveland Daniel Eibler | 216.407.3213 | daniel.eibler@huntcompanies.com
Dallas Carl Pankratz | 972.868.5744 | carl.pankratz@huntcompanies.com
Vic Clark | 972.868.5757 | vic.clark@huntcompanies.com
Irvine Rick Warren | 949.221.6684 | rick.warren@huntcompanies.com
Peter Clasquin | 949.221.6681 | peter.clasquin@huntcompanies.com
Los Angeles Yogesh Joshi | 949.263.6468 | yogesh.joshi@huntcompanies.com
Miami Marc Suarez | 212.521.6396 | marc.suarez@huntcompanies.com
New York Steven Cox | 212.317.5752 | steven.cox@huntcompanies.com
San Rafael Richard Olrich | 415.482.3410 | richard.olrich@huntcompanies.com
Seattle Jeffrey Ballaine | 206.652.3294 | jeffrey.ballaine@huntcompanies.com
Wash DC Bryan Cullen | 703.663.5868 | bryan.cullen@huntcompanies.com
About the writer
Bendix Anderson,
a New York-based
freelance writer, has
covered the com-
mercial real estate
industry for more
than a dozen years.
Prudential's 10 percent target was
much more common.
Several private equity frms
have expressed an interest in
entering into a joint venture with
Boston-based developer and
operator LCB Senior Living to
develop four new seniors hous-
ing properties, according to Cush-
man & Wakefeld's Swartz.
LCB has partnered with PREI
and Virtus separately in the past
to develop seniors housing. "We
attracted far more interest in
these four new development
projects than the frst two rounds
of development," says Swartz.
Other private equity fund
managers have separated
value-added investments and
investments in stabilized proper-
ties into different opportunistic
and core real estate funds.
In August, Harrison Street
Real Estate Capital partnered
with The Shelter Group's Bright-
view Senior Living entity to buy
an ownership stake in 11 seniors
housing communities for $520
million. Harrison Street Real
Estate Partners IV, a $750 million
opportunistic closed-ended fund,
owns three of the communities.
The strategy is to signifcantly
boost the average occupancy
rate, which currently stands at
82 percent.
Harrison Street Core Property
Partners, which acquires proper-
ties that are well stabilized, will
own the other eight properties,
which have an average occu-
pancy rate of 96 percent.
Typically, a fund with "core
property" in its name focuses on
properties such as offce build-
ings in Boston or apartment
complexes in New York.
Seniors housing properties are
increasingly accepted by these
funds as appropriate investments.
"Seniors housing is emerging as a
new core property type," con-
frms NIC's Mace. n
Kayne Anderson Real
Estate Advisors
partnered with
operating company
Discovery Senior
Living to invest
hundreds of millions
of dollars in seniors
housing properties,
including Aston
Gardens at Tampa
Bay, located in
Tampa, Fla.
36 www.seniorshousingbusiness.com
Seniors Housing Business n February-March 2015