Houston, TX – Cushman & Wakefield announced today that the firm’s National Senior Housing Capital Markets team arranged the sale of a 152-unit portfolio containing four stand-alone memory care communities located in the greater Houston metro area.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Jim Dooley and Chris Remeika represented the seller, Healthcare Trust, Inc., in the transaction. McFarlin Group, a Dallas-based private equity firm, acquired the portfolio and closed all cash.
“We’re very pleased to have worked with HTI on executing this transaction where we helped them achieve their goal of exiting these assets and selling to a sole buyer,” said Rosenzweig.
The portfolio is comprised of Addington Place of The Woodlands, Addington Place of Cy-Fair, Addington Place of Meyerland and Addington Place of Clear Lake. The communities originally opened between 2010 and 2012.
About McFarlin Group
Founded in 2008, McFarlin Group is an investor, owner, operator and developer of seniors housing and healthcare nationally. McFarlin Group offers expertise in identifying, evaluating, acquiring and overseeing seniors housing and healthcare assets with specialty in distressed opportunities. McFarlin Group seeks to generate superior returns by acquiring poorly positioned, over leveraged or undercapitalized or otherwise distressed senior living and healthcare assets that provide an opportunity for acquisition at a steep discount to cost creating wide margins of safety.