HarborChase of Riverwalk, expected to open mid-2019, will be comprised of 63 Assisted Living units and 25 Memory Care units (29 beds) in a Class-A setting with best-in-class amenities. The community will be located in the thriving south Charlotte market as part of the Riverwalk Carolinas master planned community. Riverwalk Carolinas is a dynamic, riverfront master planned community that will encompass greater than 1,000 single family homes and 550 apartments, as well as extensive retail and an award-winning restaurant. Additional amenities include extensive recreational trails and outdoor spaces.
The Cushman & Wakefield team involved in the transaction included Vice Chair Richard Swartz, Senior Director Aaron Rosenzweig and Director Timothy Hosmer.
”We are very happy for BridgeForth and OZ as they construct a top-quality assisted living and memory community in a truly exceptional location within the Riverwalk master planned community,” said Swartz. “This was a particularly complicated structure, and OZ was excellent in overcoming any hurdles we encountered.”
Cushman & Wakefield’s Boston office provides a complete suite of commercial real estate services for the entire lifecycle of properties and portfolios.
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 led by Rick Swartz and Jay Wagner. The team is consistently ranked amongst the top senior housing brokerage groups in transaction value and has executed on greater than $6 billion in transactions.
About BridgeForth Capital
BridgeForth Capital is a private equity firm that structures, provides and implements financial solutions for the Real Estate, Oil and Gas, and Manufacturing industries, including EB-5 program financing, which is one of our core businesses.
Our leadership team offers over 150 years of cumulative global experience in real estate development, asset management, structured finance, accounting and corporate and securities law.
We have the depth of talent, strong industry relationships and resources to finance both large and small projects – from $10 million and upwards. Importantly, our team members have an exceptional track record of success that has earned international recognition, credibility and trust. For more information about BridgeForth Capital, please visit http://bridgeforthcapital.com.
About Oz Real Estate
Oz Real Estate, the real estate platform at Oz Management, was founded by Steven E. Orbuch in 2003 to make investments in real estate and real estate related assets across North America and Europe. The principals of Oz Real Estate have invested in over $9.0 billion of private real estate assets, including direct equity investments, preferred equity structures, first lien loans, mezzanine loans, b-notes, ground leases and other credit investments. Oz Real Estate's portfolio has included over 20,000 hotel rooms, over 30,000 multifamily and residential units, and over 20 million square feet of retail and office properties. In addition, Oz Real Estate has developed expertise in certain niche real estate asset classes including gaming, healthcare, senior housing, cellular towers, ski resorts, and land development. Oz Real Estate is currently making opportunistic investments from Och-Ziff Real Estate Fund III, credit investments from Och-Ziff Real Estate Credit Fund, and special situations investments from other capital sources within Oz Management. For more information on Oz Real Estate, please see www.ozm.com
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.
