Castle Lanterra, a New York-based national real estate investment firm which had $750 million in transaction volume during 2021, acquired Diamond Oaks Village, a 160-unit active adult community in Bonita Springs, for its first acquisition in the seniors housing space. Built in 2017 by the United Group of Companies, the gated community offers one- and two-bedroom units averaging 1,036 square feet. Unit amenities include open-floor concept living spaces, full kitchens with granite counters, in-unit washers and dryers and screened-in private balconies. Community amenities include a covered parking garage, fitness center, outdoor pool and spa, dog park, putting green and bistro, bar and a pub.
Cody Tremper and Mike Garbers of JLL represented the seller, United Group of Companies, in the sale. In addition, Allison Holland of JLL worked on behalf of the buyer to secure a three-year, floating-rate loan through Square Mile Capital Management. Neither the sales price nor the loan amount were disclosed.
