DALLAS, TX - HFF announces the sale of Park Manor at Bee Cave, a 140-bed, post-acute skilled nursing community in Bee Cave, Texas. The HFF team marketed the property on behalf of the seller, Meridian Realty Advisors.
Completed in 2014, Park Manor at Bee Cave is located at 140058 Bee Cave Parkway just north of the Hill Country Galleria along State Highway 71.
The property is approximately 18 miles northwest of downtown Austin and is the only nursing facility within a four-mile radius. More than 27,000 people live within this radius, 15 percent of which are older than 65 and earn an average household income of more than $160,000 per year. Park Manor at Bee Cave offers top-of-the-market finishes and amenities and is a short drive to Baylor Scott & White Medical Center – Lakeway, a 106-bed hospital offering a vast array of services, including emergency medicine, stroke care, heart care and outpatient nutrition.
The HFF investment advisory team included senior director David Fasano along with senior managing directors Ryan Maconachy and Chad Lavender.
Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.
About Meridian Realty Advisors
Meridian Realty Advisors is a real estate investment, management and development company based in Dallas, Texas. Working with an established network of financial partners, architects and construction management professionals, Meridian’s mission is to create value for its investors by acquiring, developing and investing in real estate and real estate related assets. Meridian is primarily focused on senior housing and healthcare related investments. Meridian has acquired or developed projects in many areas of the United States, including Texas, Colorado, Massachusetts, Arizona, Georgia, Tennessee, Missouri, Washington, California, Alabama, Virginia, Oklahoma, Illinois, Florida, North Carolina and South Carolina.
About HFF
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.