June 1, 2023
Senior Living Investment Brokerage (SLIB), a leader in the senior housing transaction market, recently facilitated the sale of two Florida assisted living and memory care assets with a combined 173 units.
The community in Lutz, FL, offers assisted living and memory care services, while the Orange City, FL, asset offers assisted living services.
The Seller, a partnership between an institutional capital provider and national operator, had purchased these facilities as part of a larger portfolio of campus-style assets. The buyer is a Florida-based regional owner/operator that is continuing to grow their presence across the Southeastern United States.
“These were two well-maintained assets with excellent local reputations,” said Bradley Clousing, Managing Director at SLIB. “This will be a great addition to the buyer’s Florida portfolio and will fit well into their operating footprint.”