Gold Choice Palm Coast, an assisted living/memory care community on six and a half acres in Palm Coast, Florida, found a new owner in a 1031 exchange. The 50-unit community was purchased by a 1031 fund looking for newer assets with strong in-place yield. The seller was a Florida-based owner/operator that recently developed the community.
Bradley Clousing and Daniel Geraghty of Senior Living Investment Brokerage handled this transaction, which saw regional and national buyers make purchase offers. This deal plus the pair’s recent sale of The Canopy at Harper Lake total more than $20 million.
