{"id":1727,"date":"2019-06-28T11:15:03","date_gmt":"2019-06-28T15:15:03","guid":{"rendered":"https:\/\/www.meyer.media\/?p=1727"},"modified":"2019-06-28T08:45:23","modified_gmt":"2019-06-28T12:45:23","slug":"cushman-wakefield-arranges-35m-sale-of-wildewood-downs","status":"publish","type":"post","link":"https:\/\/www.meyer.media\/2019\/06\/28\/cushman-wakefield-arranges-35m-sale-of-wildewood-downs\/","title":{"rendered":"Cushman & Wakefield Arranges $35M Sale of Wildewood Downs"},"content":{"rendered":"
\"Wildewood<\/a>
Wildewood Downs<\/figcaption><\/figure>\n

David Kliewer, Paul Carr and Allen McMurtry Represented an Affiliate of The Hollinger Group in the Sale of the Retirement Community in Columbia, South Carolina<\/em><\/strong><\/p>\n

COLUMBIA, SC, June 28, 2019<\/strong> \u2014 Cushman & Wakefield<\/a> has negotiated the sale of Wildewood Downs<\/a>, a 248-unit, entrance-fee continuing care retirement community in Columbia, South Carolina.<\/p>\n

The Tampa, Florida-based Cushman & Wakefield Senior Housing team of David Kliewer<\/a>, Paul Carr<\/a> and Allen McMurtry<\/a> represented an affiliate of Mechanicsburg, Pennsylvania-based The Hollinger Group<\/a> in the disposition. Senior Living Communities (SLC)<\/a>, of Charlotte, North Carolina, acquired the asset for $35 million ($141,129 per unit) using debt financing from a publicly-traded REIT.<\/p>\n

Wildewood Downs was developed between 2000 and 2014 at 731 Polo Rd.<\/a> The \u00b1348,728-square-foot property comprises 76 Independent Living homes, 60 Independent Living apartments, 40 Assisted Living units, eight Memory Care units, a 64-bed Skilled Nursing Facility with an 80-bed licensed capacity, and a two-story commons building with extensive amenities. In 2017, previous ownership invested approximately $400,000 to update the commons building, including new carpet, furniture and dining room upgrades.<\/p>\n

Wildewood Downs is located 13 miles northeast of downtown Columbia in the heart of Wildewood, one of the capital city\u2019s premier suburban neighborhoods. The \u00b138.0-acre site offers significant potential for future expansion.<\/p>\n

\u201cThe sale of Wildewood Downs was a strategic disposition of The Hollinger Group\u2019s lone remaining senior housing asset in South Carolina,\u201d said Kliewer. \u201cThe buyers are well-equipped to take Wildewood Downs to the next phase of its life cycle.\u201d<\/p>\n

Added Kliewer, \u201cSLC, who was involved with the original development of the campus, is the ideal operator for the future of Wildewood Downs given their strong reputation and regional presence.\u201d<\/p>\n

About Cushman & Wakefield<\/strong><\/p>\n

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 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit\u00a0www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.<\/p>\n

Media Assets<\/strong><\/p>\n

Wildewood Downs Photo<\/a>
\nDavid Kliewer Headshot<\/a>
\nPaul Carr Headshot<\/a>
\nAllen McMurtry Headshot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Tampa, Florida-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry has negotiated the $35 million sale of Wildewood Downs, a 248-unit, entrance-fee continuing care retirement community in Columbia, South Carolina.<\/p>\n","protected":false},"author":1,"featured_media":1715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[2449,593,2208,98,2442,49,4,595,700,2446,146,2397,2209,2443,594,2394,369,2447,2450,2448,2210,2445,2451,2444],"class_list":["post-1727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-731-polo-road","tag-allen-mcmurtry","tag-assisted-living","tag-capital-markets","tag-columbia","tag-commercial-real-estate","tag-cushman-wakefield","tag-david-kliewer","tag-disposition","tag-entrance-fee-continuing-care","tag-financing","tag-independent-living","tag-memory-care","tag-midlands","tag-paul-carr","tag-retirement-community","tag-senior-housing","tag-senior-living-communities","tag-skilled-nursing-facility","tag-slc","tag-south-carolina","tag-the-hollinger-group","tag-wildewood","tag-wildewood-downs"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.meyer.media\/wp-content\/uploads\/2019\/06\/wildewood-downs-photo.jpg?fit=3000%2C1798&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p79IL5-rR","_links":{"self":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/comments?post=1727"}],"version-history":[{"count":1,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1727\/revisions"}],"predecessor-version":[{"id":1728,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1727\/revisions\/1728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media\/1715"}],"wp:attachment":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media?parent=1727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/categories?post=1727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/tags?post=1727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}