Senior Living Investment Brokerage’s Bradley Clousing and Daniel Geraghty helped facilitate a private REIT’s exit of an operational outlier from a previous portfolio with the sale of a memory care community in Port Orange, Florida (Daytona Beach MSA). Consisting of over 54 units on a three-acre parcel, the high-quality community was well operated. A growing regional owner/operator looking to expand its presence in Florida emerged as the buyer from multiple other offers, but the purchase price or other transaction details were not disclosed.
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