Florida

MIAMI — SG Holdings, a partnership between Swerdlow Group, SJM Partners and Alben Duffie, has completed the housing component of Sawyer’s Walk, marking the delivery of the largest affordable senior living community in the US within the last decade, according to the developer.  The mixed-use development is underway in the Overtown neighborhood of Miami. Upon full build-out it will total 1.5 million square feet, including the 578 residential units completed that will be home to low-income seniors, 175,000 square feet for credit retailers, a 25,000-square-foot public plaza, and 130,000 square …

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TAMPA, Fla. — Berkadia has arranged the sale of a four-property, 334-unit assisted living and memory care portfolio along Florida’s West Coast.  Brooks Minford of Berkadia Seniors Housing & Healthcare closed the transaction on behalf of two separate sellers. The buyer of all four properties, a Central Florida-based family office, paid $42.6 million for the acquisition. In the first transaction, a Florida-based seniors housing and multifamily developer sold one 79-unit assisted living and memory care community. In the second transaction, an East Coast-based private equity firm sold three assisted living …

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Madison at Oviedo

CLERMONT, OCOEE and OVIEDO, Fla. — Atlas Senior Living and affiliate company Salta Capital have acquired three senior living communities in the Orlando suburbs of Clermont, Ocoee and Oviedo.  The communities, which offer assisted living and memory care services, have consistently maintained high occupancy rates, according to Atlas. Atlas and Salta plan to implement a $1.5 million renovation plan across the properties. These capital improvements aim to enhance the living standards and amenities.

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FOUR CORNERS, Fla. — Watermark Retirement Communities has named Dan Guanio as executive director of The Glades at ChampionsGate in Four Corners, located between Orlando and Tampa. The community offers independent living, assisted living and memory care. Guanio has more than 16 years of experience in senior living and has served as an executive director for most of his career. He has previously served as executive director at Atria Senior Living, Saber Healthcare and Watercrest Senior Living Group. He earned his bachelor’s degree from Florida State University.

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FORT MYERS, Fla. — Continuum Advisors has arranged the sale of Amavida, a newly built, 387-unit, Class A senior living community in Fort Myers. Opened in December 2018, Amavida offers independent living, assisted living and memory care on a 30-acre site. The 570,000-square-foot campus comprises 28 cottages, 223 independent living apartments, 101 assisted living apartments and 35 memory care apartments, plus a 9,000-square-foot clubhouse. The sale includes eight acres of fully entitled land ready for a Phase II expansion of approximately 130 additional independent living units.  Continuum served as the …

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CRYSTAL RIVER, Fla. — FK Architecture has completed design work for The Fountains at Hidden Lake, an affordable seniors housing facility along Florida’s Nature Coast, and the project is now under construction.  The seven-acre community will encompass 81,000 square feet of living space in addition to amenities space.  Housing Trust Group (HTG) is developer for the four-story, $25 million community. It will feature 81 one- and two-bedroom units for residents over age 62 who earn at or below 40 and 60 percent of the region’s median income. Individual units, ranging …

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STUART, Fla. — Allegro Senior Living has named Kaitlyn Oteri as the executive director of Alto Stuart in Stuart, a coastal city in South Florida. Alto Stuart features 91 units of assisted living and memory care. Oteri has over a decade of experience in leadership roles within senior living communities, most recently as executive director for Wickshire Port St. Lucie in nearby Port St. Lucie.

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FORT WORTH, Texas — Sagora Senior Living, a Fort Worth-based operator, has taken over management of 17 senior living communities across Alabama, Florida, Nebraska, Oklahoma and Texas.  Sagora expands its footprint in Vero Beach, Florida with the addition of two new communities: Heron Cove Assisted Living and Memory Care and Heron Point Independent Living. Both communities are located less than 10 miles from The Brennity of Vero Beach, another Sagora community. Sagora also recently opened Lynridge of Huntsville Assisted Living and Memory Care, expanding the operator’s Lynridge brand to a …

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PALM BEACH GARDENS, Fla. — Aztec Group has arranged $55.6 million in bridge financing for Arcadia Gardens, an active adult community located in Palm Beach Gardens.  MetLife provided the loan to the borrowers, affiliates of the United Group of Cos. and Sina Cos. United Group also manages the property, which was developed in 2021. Situated on 10.6 acres, the age-restricted apartment community comprises 220 units reserved for residents age 55 and older.

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OPA-LOCKA, Fla. — The Integral Group has broken ground on Wellspring Apartments, an affordable seniors housing community in the Miami suburb of Opa-Locka. Wellspring Apartments will feature 99 units, 67 of which are reserved for residents earning below 50 percent of the area median income (AMI), and the remaining 32 units are for residents earning below 60 percent of AMI. The 81,350-square-foot property will feature a computer and library room, fitness center, community center with a full kitchen, and covered terrace. The project is a public-private partnership between Integral, Miami-Dade …

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