The Seniors Housing and Healthcare Group at Berkadia arranged the sale of a 126-unit assisted living/memory care community in Oxford, Florida. Tim Cobb and Brooks Minford handled the transaction on behalf of the undisclosed seller.
Built in 2015, the high-quality community has 134 beds and is set on a four-acre campus adjacent to The Villages. It was formerly operated by Leisure Care.
A joint venture between Inspirit Senior Living (which will operate) and two New York City-based investment and asset management firms, Venue Capital and Drake Real Estate Partners, acquired the property for $15 million, or $119,000 per unit.
