Fort Lauderdale, Florida-based healthcare real estate investment group Gold Standard of Care acquired two seniors housing communities in the Sunshine State. The deal consisted of a West Palm Beach campus formerly known as Savannah Courts and Savannah Cove of the Palm Beaches. There are a combined 114 units of assisted living and 30 beds skilled nursing home purchased from National Health Investors. Gold Standard of Care paid $14 million, or $97,200 per bed/unit, with Greystone Capital providing the capital. Foley Lardner & Nelson Mullins Broad Cassel provided legal counsel to Gold Standard in the transaction. There will be $3 million in renovations made to the facilities.
Gold Standard Grows South Florida Portfolio
