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PALM BEACH COUNTY, Fla. — Berkadia has arranged the sale of an 80-unit assisted living and memory care community in Palm Beach County.
The community sold to a Central Florida-based owner-operator looking to expand its operational footprint into South Florida. The price was not disclosed.
The community is located in a densely populated Palm Beach County submarket less than a half mile from over 750,000 square feet of retail space occupied by tenants including Walmart Neighborhood Market, Marshall’s, and Phoenix Theaters.
Brooks Minford of Berkadia Seniors Housing & Healthcare led the transaction on behalf of the seller, a Florida-based seniors housing and multifamily developer.