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Cushman & Wakefield Arranges Sale of Four Memory Care Communities in Houston MSA

Jayden Lapin-Tatman • 4/5/2022

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.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Cushman & Wakefield’s National Senior Housing Capital Markets team was established in 2011 and advises top institutional owners, developers and operators on equity, debt and investment sales throughout the United States. Located in Boston and Southern California, the team is led by Rick Swartz and Jay Wagner and includes a total of 11 professionals. The team is consistently ranked amongst the top senior housing brokerage groups in transaction value and has executed on greater than $6 billion in transactions.

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