Cushman & Wakefield Senior Housing Capital Markets, acting as advisor to HCP, Inc. is pleased to announce the sale of a portfolio of Brookdale-managed senior housing communities. During the fourth quarter, HCP closed on the sale of 17 Brookdale-managed senior housing communities to funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) for $264 million.
The Cushman & Wakefield team involved in the transaction included Vice Chairman Richard Swartz, Executive Director Jay Wagner, Director James Dooley and Associate Sam Dylag.
“This portfolio incorporated not just product and geographic diversity, but also a broad range of value-add strategies” noted Swartz
Cushman & Wakefield’s National Senior Housing Capital Markets team was established in 2011 and advises top institutional owners, developers and operators on investment sales as well as equity and debt placements throughout the United States. Located in Boston and Southern California, the 11-person team is led by Rick Swartz and Jay Wagner. The team is consistently ranked amongst the top senior housing brokerage groups in transaction value.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.