Berkadia was engaged by a national owner/operator in its divestment of two seniors housing communities on Florida’s east coast. The communities are in Port St. Lucie and Port Orange with 171 assisted living and memory care units. The buyer was a central Florida-based family office. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders handled the transaction.
The deal follows Berkadia’s other recent Florida closing, which was handled on behalf of a national owner/operator. The property was Abbey Delray, a 505-unit CCRC originally built in 1979 in Delray Beach that features 327 independent living units, 48 assisted living units, 30 memory care units and 100 skilled nursing beds on 25.66 acres. We understand that occupancy improved throughout the marketing process.
Abbey Delray was previously owned by Lifespace Communities, and the buyer was a regional owner/operator. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders handled the transaction.
