HFF closes sale of 129-unit Houston area seniors housing community
DALLAS, TX – HFF announced today that it has closed the sale of Remington Park at Baytown, a 129-unit, independent and assisted living community in Baytown, Texas.
HFF marketed the property on behalf of the seller. Capital Senior Living purchased the asset for an undisclosed amount.
Remington Park at Baytown is located at 901 West Baker Road in Baytown, a suburb approximately 25 miles east of downtown Houston. Expanded in 2008, the facility is across the street from Houston Methodist San Jacinto Hospital and offers nearby access to Interstate 10 and Texas State Highway Spur 330. The 95-percent-occupied property has a mix of nine independent living cottages and 120 assisted living units. Community amenities include restaurant-style meal service, a beauty/barber shop, theater/auditorium, library, gift shop, billiards room and a variety of social activities and personal care services.
The HFF team representing the seller was led by managing director Ryan Maconachy and director Chad Lavender.
HFF (Holliday Fenoglio Fowler, L.P.) 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.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.