Cushman & Wakefield’s Tampa-based seniors housing team led by Allen McMurtry and David Kliewer sold a 117-unit independent living community in Trinity, Florida (about 20 miles northwest of Tampa). The seller, a development group comprised of Walt Chancey of Gulf Coastal Development, Ricky Rookis of Rookis Development and Watermark Retirement Communities, recently built the five-story community adjacent to a 97-unit assisted living/memory care property that they also developed in 2016. There are one-and two-bedroom unit options ranging in size from 737 to 1,162 square feet. Designed by Chancey Architecture and Chancey Interior Design, it also features numerous amenities including multiple dining venues, outdoor pool and common spaces with high-end finishes. Watermark is the operator.
Cushman & Wakefield arranged the sale upon the project obtaining its Certificate of Occupancy, with Kayne Anderson Real Estate stepping in as the buyer. No purchase price was disclosed. It’s been a busy month for Kayne Anderson, having recently closed on the acquisition of six senior living communities and 12 medical office buildings from Welltower. The second tranche of the transaction is set to close in July and comprises one more senior living community and 19 medical office buildings. All told, the acquisition will cost approximately $1 billion.
