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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

SantaFe Healthcare Sells 100-Acre Senior Living Property in Gainesville, Florida

by Hayden Spiess

GAINESVILLE, Fla. — Continuum Advisors has arranged the sale of The Village at Gainesville, a 639-unit seniors housing community in Gainesville. SantaFe Healthcare Inc. sold the 100-acre asset to funds managed by Fortress Investment Group for an undisclosed price. The Village at Gainesville consists of nine residential buildings — six independent living, one assisted living and two memory care — and several community clubhouses with amenities. Eighty percent of the residences are dedicated to independent living. Continuum states that the property is considered one of the largest seniors housing rental communities …

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Affordable HousingDevelopmentFloridaNews

Green Mills Group Breaks Ground on $26M Affordable Housing Community in Florida

by Hayden Spiess

OSCEOLA COUNTY, Fla. — Green Mills Group has broken ground on a $26 million affordable seniors housing community in Osceola County.  Dubbed Poinciana Parc, the property will comprise an 86-unit mid-rise building. Amenities at the community will include a fitness center, business center, club/game room, laundry room and swimming pool.  The Florida Housing Finance Corp. awarded the project a 9 percent tax credit allocation in May 2023. Additional funding is being provided by Green Mills Group, TD Bank, Raymond James Affordable Housing Investments and Neighborhood Lending Partners. 

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AcquisitionsAssisted LivingFloridaMemory CareNews

Continuum Brokers Sale of Five-Property Portfolio in Florida

by Hayden Spiess

TAMPA, Fla. — Continuum Advisors has brokered the sale of a five-property senior living portfolio located in central and northern Florida.  The communities, which were in receivership at the time of sale, include Superior Residences of Clermont in Clermont; Superior Residences of Cala Hills in Ocala; Superior Residences of Brandon in Brandon; Superior Residences of Lecanto in Lecanto; and Superior Residences of Niceville in Niceville.  In total, the portfolio comprises 340 total units, with 76 assisted living residences and 266 memory care units.  Tampa-based Continuum arranged the sale on behalf of …

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Hunt Trace Senior Living
FloridaNewsOperations

Impact Senior Living Adds Two Florida Communities to Management Portfolio

by Channing Hamilton

CLERMONT AND NICEVILLE, Fla. — Impact Senior Living, which focuses on third-party management of senior living facilities, has added two communities in Florida to its portfolio: Hunt Trace Senior Living in Clermont and Partin Place Senior Living in Niceville. With these new additions, Tallahassee, Fla.-based Impact Senior Living now oversees 11 senior living communities. Hunt Trace Senior Living provides assisted living and memory care services in the heart of Clermont, a growing city in Central Florida. The 114-unit facility offers a homelike atmosphere with convenient access to shopping, dining and …

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AcquisitionsFloridaIndependent LivingMemory CareNews

JLL Arranges Sale of 45-Acre Campus in Wellington, Florida

by Hayden Spiess

WELLINGTON, Fla. — JLL Capital Markets has arranged the sale of Wellington Bay, a 45-acre senior living campus located in Wellington, roughly 55 miles northwest of Fort Lauderdale.  Totaling 283 units, the property features a 159-unit independent living community and The Lisbet Health Center, which comprises 124 assisted living and memory care residences. Amenities at the campus include a 65,000-square-foot clubhouse with dining, outdoor and indoor pools, a hot tub, putting green, bocce court, pickleball court and fitness, wellness, concierge, arts and entertainment programming.  AEW Capital Management acquired the property from …

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Company NewsFloridaNewsPeople

AgeWell Solvere Living Appoints Rich Gordon Chief Strategy Officer 

by Hayden Spiess

NORTH PALM BEACH, Fla. — Management company AgeWell Solvere Living has appointed Rich Gordon to the role of chief strategy officer (CSO).  Gordon has been with AgeWell for three years and has more than 20 years of experience in the seniors housing sector. As CSO, he will lead the company’s long-term strategic direction and business development efforts.  “We are thrilled to provide this advancement opportunity to Rich,” says Mark Lichtenwalner, CEO of AgeWell Solvere Living.  “Over the years, he has demonstrated exceptional strategic thinking, an ability to execute on complex initiatives and …

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Assisted LivingFinanceFloridaIndependent LivingMemory CareNews

Marathon Provides $154.5M Refinancing for Senior Living Portfolio in Florida

by Hayden Spiess

NEW YORK CITY — Marathon Asset Management has provided a $154.5 million mortgage loan for the refinancing of a senior living portfolio, The American House Florida Portfolio, located in Florida. A joint venture between Monarch Alternative Capital and REDICO is the borrower.  Totaling 817 units, the portfolio comprises six communities offering 40 independent living, 306 assisted living and 102 memory care residences. The communities were built between 2015 and 2018.  According to a press release issued by New York-based Marathon, each of the properties is located in a Florida market currently …

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Titan Development Sells Three Seniors Housing Communities in Florida

by Hayden Spiess

THE VILLAGES and WINTER PARK, Fla. — Titan Development has sold a portfolio of three seniors housing communities located in The Villages and Winter Park.  The properties included in the portfolio — which totals 416 units — are Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park. JLL Capital Markets brokered the sale on behalf of Titan. AEW Capital Management acquired the portfolio for an undisclosed price.  Watercrest Buena Vista and Watercrest Spanish Springs are located in The Villages, a master-planned community roughly 45 miles northwest of Orlando. Built in 2018, …

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Assisted LivingFinanceFloridaIndependent LivingNews

BWE Secures $76M Refinancing for Senior Living Community in Naples, Florida

by Hayden Spiess

NAPLES, Fla. — BWE has secured a $76 million loan for the refinancing of The Carlisle Naples, a senior living community located in Naples. A joint venture between Harbert Management Co. (HMC) and Senior Resource Group (SRG) was the borrower.  Totaling 350 residences, the property features 257 independent living units and 93 assisted living units. SRG operates the community.  Ryan Stoll and Taylor Mokris of BWE arranged the non-recourse bridge financing — which features a five-year term, floating rate and full-term interest-only payments — on behalf of the borrower. 

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