Press Release brought to you by HFF

HFF closes sale of seniors housing community in Melbourne, Florida

06/02/2016

DALLAS, TX – June 2, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Sonata at Melbourne, a Class A, trophy seniors housing community located in Melbourne, Florida.

HFF marketed the property on behalf of the seller.  Kayne Anderson Real Estate Advisors purchased the asset free and clear of existing debt.

Sonata at Melbourne is situated on 12.24 acres at 3260 North Harbor City Boulevard overlooking the Intracoastal Waterway on Florida’s east coast.  Completed in 2012, the Central Florida property is 97 percent leased and encompasses 47 independent living, 54 assisted living and 34 memory care units totaling 135 beds. The community features a full-service concierge, heated swimming pool, fitness and wellness center, outdoor terraces and cabanas, movie theater, pub with interactive gaming system, library, internet café, arts and crafts studio, dining room with flexible dining options, beauty and barbershop, scheduled transportation and a full-time lifestyle director on staff.  Additional memory care amenities include scheduled group activities and outings, a licensed 24-hour nurse, music therapy, fitness and sensory programs, circular walking paths and integrated safety technologies.

The HFF team representing the seller was led by senior managing directors Ryan Maconachy and Chad Lavender.

About Kayne Anderson Real Estate Advisors
Kayne Anderson Real Estate Advisors (KAREA) is a leading real estate private equity investor in off-campus student housing, seniors housing and medical office buildings.  KAREA has raised four dedicated real estate private equity funds totaling more than $2.6 billion in commitments.  KAREA is part of Kayne Anderson Capital Advisors, L.P., an alternative investment management firm with more than 30 years of successful experience in the energy, infrastructure, growth capital, real estate, middle market credit and distressed municipal sectors.  For more information, visit http://www.kaynecapital.com/strategies/real-estate-private-equity.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 23 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.

Source

HFF

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