Cushman & Wakefield Senior Housing Capital Markets exclusively advised an affiliate of BridgeForth Capital on the $19.8M financing of HarborChase of Riverwalk, a recently opened assisted living and memory care community. The property is located in Rock Hill, South Carolina, a thriving suburb of Charlotte and one of the fastest growing areas in the country. HarborChase of Riverwalk is managed by Harbor Retirement Associates.
HarborChase of Riverwalk is an 88-unit / 92-bed community located within the award-winning Riverwalk master planned development, nearby an ever-expanding array of amenities and only a short drive from downtown Charlotte. The Community opened February 2020 with extensive leasing and features some of the area’s finest amenities and care.
The Cushman & Wakefield team involved in the transaction included Vice Chairman Richard Swartz, Executive Managing Director Jay Wagner and Senior Director Tim Hosmer.
“The strong demand to finance HarborChase of Riverwalk is a testament to an exceptional community in a thriving area. We are proud to represent BridgeForth on this transaction and advise on the very efficient non-recourse financing,” said Cushman & Wakefield’s Tim Hosmer.
Cushman & Wakefield’s National Senior Housing Capital Markets team was established in 2011 and advises top institutional owners, developers and operators on equity, debt and investment sales throughout the United States. Located in Boston and Southern California, the team is consistently ranked amongst the top senior housing brokerage groups in transaction value.
About BridgeForth Capital
BridgeForth Capital is a private equity firm that structures, provides and implements financial solutions for real estate projects, including assisted living, memory care, and other senior housing projects. The BridgeForth leadership team has over 150 years of cumulative global experience in real estate finance, development, asset management, accounting and securities law.
About Harbor Retirement Associates
Harbor Retirement Associates (“HRA”) is a vertically integrated regional senior living development and management company, focused primarily on Assisted Living and Memory Care communities. HRA is also engaged in the development and operations of Independent Living and Skilled Nursing communities.
HRA operates more than 35 communities in 8 states and is partnering on the construction of even more communities in 7 additional states. HRA manages over $150 million in revenue and approximately $1 billion in assets while employing 2,000 associates. For more information, visit hraseniorliving.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 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.
