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HFF arranges joint venture and financing for Laguna Hills, California medical office building acquisition

03/07/2016

LOS ANGELES, CA – March 7, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a joint venture and financing for the acquisition of Saddleback Valley Medical Center, a 135,904-square-foot medical office property on the campus of Saddleback Memorial Medical Center in Laguna Hills, California.
               
HFF arranged the joint venture between Greenlaw Partners and a fund advised by UBS Realty Investors LLC, who together acquired the asset for $34.5 million.  Additionally, HFF worked on behalf of the joint venture to secure the floating-rate acquisition loan through a regional bank.    
               
Saddleback Valley Medical Center is situated on a 2.6-acre site at 23961 Calle de la Magdalena, on the campus of the Saddleback Memorial Medical Center, which was voted the #1 Hospital in Orange County in 2014 in the Orange County Register’s “Best of Orange County”.  The five-story property borders Laguna Woods Village, a 3,500-acre independent living, 55+ community and is less than a half of a mile from the San Diego Freeway.  Saddleback Valley Medical Center was most recently renovated in 2014 and is currently undergoing lease-up.  Greenlaw and UBS plan to build upon their experience in the local market and invest capital into the building to solidify Saddleback Valley Medical Center as one of the premier medical office buildings in the greater Orange County market.

The HFF team representing Greenlaw Partners was led by managing director Todd Sugimoto and associate director Jeff Sause.

About Greenlaw Partners, LLC
Greenlaw Partners, LLC is an Irvine, California-based real estate investment, management and development company.  Greenlaw currently manages a portfolio of approximately $6.5 million square feet with a value in excess of $1.5 billion.  The company is focused on acquiring assets throughout selective markets in the Western United States.

About UBS Asset Management, Global Real Estate – US
With over 36 years of real estate investment advisory experience, the US real estate business of UBS Asset Management has approximately USD 28.8 billion under management on behalf of over 500 clients. A multi-disciplined real estate organization with staff of approximately 199, it is headquartered in Hartford, Connecticut with regional offices in San Francisco and Dallas.  In addition to its US real estate business, UBS Asset Management, Global Real Estate manages investments in Europe, Asia and Australia, totaling USD 69 billion in real estate and real estate securities worldwide, as of June 30, 2015.  In the US, it operates through its legal entities, UBS Realty Investors LLC and UBS AgriVest LLC, registered investment advisors. (data as of September 30, 2015 unless otherwise noted) www.ubs.com/realestateAbout.

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.

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