Florida

Tuscan Gardens of Palm Coast
AcquisitionsAssisted LivingFloridaMemory CareNews

Continuum Arranges Sale of 130-Unit Community in Northeast Florida

by Hayden Spiess

PALM COAST, Fla. — Continuum Advisors has arranged the sale of Tuscan Gardens of Palm Coast, an assisted living and memory care community located in Palm Coast.  Totaling 130 units, the property features 86 assisted living and 22 memory care units, as well as 22 “enhanced assisted living” residences.  The community was sold in receivership, with William King acting in the role of receiver. Jay Jordan and David Kliewer of Continuum led the court-approved sale process, which resulted in more than 15 written letters of intent and multiple rounds of bidding.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNews

Belmont Village Opens 153-Unit Luxury Community in South Florida

by Hayden Spiess

AVENTURA, Fla. — Owner and operator Belmont Village Senior Living has opened Belmont Village Aventura, a new luxury community in South Florida.  Belmont Village Aventura totals 153 residences across 11 stories, with two floors of penthouse units. Amenities at the property include a chef-led restaurant, full-service bistro and bar, fitness center, screening room, art studio, salon and swimming pool.  Belmont Village partnered with Turnberry — a developer, owner and operator of luxury assets across the hospitality, restaurant, residential, retail and mixed-use sectors — on the development.  “We chose to partner with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFloridaNews

Partnership Completes Development of Affordable Community in Tampa Bay Area

by Hayden Spiess

RIVERVIEW, Fla. — A partnership between Smith & Henzy Affordable Group, Mt. Zion AME Church of Riverview, Adonai’s Second Chances, The Tampa Housing Authority and Hillsborough County has completed the development of a new affordable seniors housing community located in Riverview, a city situated on Tampa Bay.  FK Architecture designed the community, which totals 75 units reserved for residents earning at or below 30 to 70 percent of the area median income. Amenities at the property, dubbed Zion Village, include a clubroom, gathering areas, an outdoor pavilion, fitness center, library, movie …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Arbor-at-Watercolor-Place
DevelopmentFloridaNews

Chancey Development Plans 196-Unit Community in Florida

by Hayden Spiess

BRADENTON, Fla. — Chancey Development has announced plans for a new community located in Bradenton, roughly 13 miles north of Sarasota. The Arbor Co. will operate the community, which is scheduled to open in early 2028.  Upon completion, the development — The Arbor at Watercolor Place — will total 196 residences across four stories. In addition to 96 independent living apartments, the community will feature 76 assisted living and 24 memory care units. Residences will range in size from 400 to 1,350 square feet. Amenities at the property will include a …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Canopy-at-Boynton-Ridge_Boynton-Ridge-Ga
AcquisitionsAssisted LivingFloridaGeorgiaMemory CareNews

Foundry Acquires Five Communities in Georgia, Florida

by Hayden Spiess

ORLANDO, Fla. — Foundry Commercial has acquired five communities located in Georgia and Florida.  Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Georgia — purchased in October 2025 — and three communities in Florida, which were acquired in February 2026. The Florida properties are located in Jacksonville, Titusville and Plant City.  Each of the communities will be operated by Allegro Living Management under the Alto brand. Of the units, 220 are assisted living residences, and 100 are memory care units.  “These newer vintage assets, with …

Continue Reading
0 FacebookTwitterLinkedinEmail
American-House-The-Palms_Fort-Myers-Fla
Assisted LivingFloridaIndependent LivingMemory CareNewsOperations

American House Assumes Management of 218-Community in Fort Myers

by Hayden Spiess

FORT MYERS, Fla. — American House Senior Living Communities has assumed the management of The Palms of Fort Myers, a seniors housing community located in Fort Myers. American House now operates 14 Ventas-owned properties. The community, which totals 218 units, will be rebranded as American House The Palms. Residences at the property include 148 independent living units, 47 assisted living units and 23 memory care apartments. Amenities at American House The Palms include a bar and cocktail lounge, chapel, covered parking, a library, movie theater and outdoor pool.  “Florida continues to …

Continue Reading
0 FacebookTwitterLinkedinEmail
AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Berkadia Brokers Sale of 130-Unit Community Near Jacksonville, Florida

by Hayden Spiess

JACKSONVILLE, Fla. — Berkadia has brokered the sale of a 130-unit seniors housing community located near Jacksonville.  Built in 2015, the property offers independent living, assisted living and memory care.  A Maryland-based private equity investment firm sold the community to an undisclosed buyer. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Jerome-Foulon_Lone-Star
FinanceFloridaNewsTexas

Marathon Provides $235M Refinancing for Portfolio in Florida, Texas

by Hayden Spiess

NEW YORK CITY — Marathon Asset Management has provided a $235 million senior mortgage loan for the refinancing of a seniors housing portfolio totaling 11 properties. An affiliate of Lone Star Real Estate Fund VI is the borrower.  Of the 11 communities, 10 are located in Florida, with one situated in the Dallas-Fort Worth metro in Texas. Together, the properties comprise 1,564 units.  Lone Star Funds acquired the communities, which are operated by Discovery Senior Living, in 2021. The company has invested in strategic capital upgrades to the properties since acquisition.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alto-Tavares_Tavares-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Foundry Commercial, Fortress Investment Group Acquire Two Communities in Central Florida

by Hayden Spiess

CLERMONT and TAVARES, Fla. — Foundry Commercial and Fortress Investment Group have acquired two senior living communities located in Central Florida. The acquisition was completed by Foundry Commercial and funds managed by affiliates of Fortress Investment Group.  Totaling 252 assisted living and memory care units, the communities include Alto Clermont and Alto Tavares. Allegro Living, the affiliated management company of Foundry Commercial, manages the properties under its Alto brand.  Alto Tavares was opened in 2012, and Alto Clermont opened in 2014.  “We are pleased to continue our involvement with these two …

Continue Reading
0 FacebookTwitterLinkedinEmail
Legacy-Park-II_Fort-Myers-Fla
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, AM Affordable Housing Break Ground on $55M Project in Fort Myers

by Hayden Spiess

FORT MYERS, Fla. — Housing Trust Group (HTG) and AM Affordable Housing have broken ground on a new, $55 million seniors housing development in Fort Myers.  Upon completion, Legacy Park II will total 130 units reserved for residents age 55 and older earning at or below 30, 60 and 70 percent of the area median income (AMI). Amenities at the two-building, five-story community will include a fitness center, swimming pool and a clubhouse with a cyber café, library and game room. Residents will have access to assistance with light housekeeping, laundry, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts