DALLAS, TX – HFF announced today that it has closed the sale of The Inn at Robbins Brook and Forge Hill, a two-property, Class A seniors housing portfolio totaling 176 units in Acton and Franklin, Massachusetts.
HFF marketed the portfolio on behalf of AEW Capital Management, LP. The portfolio was purchased for $63.25 million.
The Inn at Robbins Brook is a 79-unit assisted living community located at 10 Devon Drive in Acton, approximately 30 miles northwest of downtown Boston.
Forge Hill has a total of 97 units including assisted living, independent living and memory care units. The property is located at 4 Forge Hill Road just off Interstate 495 approximately 45 minutes southwest of downtown Boston.
The HFF team representing the seller was led by managing director Ryan Maconachy and director Chad Lavender.
Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage approximately $37 billion of capital invested in over $50.8billion of property and securities in North America, Europe and Asia (as of September 30, 2013). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Singapore, and Hong Kong, as well as additional offices in eight European cities. For more information please visit www.aew.com.
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 www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.