Closed December 27, 2022
Class “A” IL/AL/MC Community - The Village at River Oaks, Houston, TX

CBRE National Senior Housing Investment Properties team, based in Austin, Texas, completed the sale of The Village at River Oaks, a trophy senior housing community located in the River Oaks neighborhood of Houston, TX, on behalf of Harrison Street and Bridgewood Property Company (“Bridgewood”) to a fund affiliate of Blue Moon Capital Partners. The community is a steel and concrete-built midrise offering Independent Living, Assisted Living and Memory Care units and services. The sellers were represented by CBRE’s National Senior Housing team members John Sweeny, Aron Will, Garrett Sacco and Scott Bray.

CBRE National Senior Housing’s Debt & Structured Finance team, based in Houston, Texas, consisting of Aron Will, Tim Root, and Michael Cregan arranged the acquisition financing on behalf of a joint venture between Blue Moon Capital Partners (“Blue Moon”) and Bridgewood Property Company (collectively, the “Buyer”). CBRE secured a 7-year, non-recourse, floating rate loan from a regional bank with 48 months of interest only. The Community will continue to be operated by Bridgewood’s wholly owned management company, The Aspenwood Company (“Aspenwood”).

About Blue Moon

Blue Moon was formed in October 2013 by Kathryn A. Sweeney and Susan J. Barlow as a 100% women-owned business to match institutional client capital with skilled, forward-thinking, senior housing operating companies positioned to take advantage of the dramatic growth in resident demand that is expected over the next two decades.

About Bridgewood

Houston-based Bridgewood is a privately held Texas Limited Partnership created in 2002 to capitalize on the senior living industry’s market dynamics of long-term growth, favorable demographics, advantageous societal trends and positive senior housing fundamentals. James D. Gray, President and Founder of Bridgewood, has been responsible for the development of 4,900+ Senior Housing units across the country totaling well over $1B in asset value. Today, Bridgewood holds an ownership interest in over 1,400 Independent Living, Assisted Living and Memory Care units across 12 communities.

About CBRE National Senior Housing

CBRE National Senior Housing is an integrated team of professionals dedicated to the senior housing industry. Since 2014, we have completed over $22 billion in transaction volume across 700+ assets in combined senior housing investment sales, capital raising and loan originations.