Bradley Clousing and Daniel Geraghty of Senior Living Investment Brokerage were engaged to confidentially sell a senior living community in Maitland, Florida. The community comprises Savannah Court, which offers 102 units of assisted living, and Savannah Cove, which comprises 39 beds and 24 units of skilled nursing care.
The seller was a publicly traded REIT, and the buyer was a regional owner/operator with strong experience in both SNF and AL assets. The buyer intends to conduct a robust physical plant upgrade immediately. This is a strong and attractive submarket within the Orlando MSA and the building improvements should be well-received.
