LAKELAND, Fla. — Berkadia has brokered the sale of a 156-unit senior living community located in Lakeland in central Florida. A Florida-based family office purchased the property, which features independent living, assisted living and memory care residences. The seller was a Tampa-based real estate investment group. Brooks Minford of Berkadia represented the seller in the transaction.
WEST PALM BEACH, Fla. — BHI, the U.S. branch of Bank Hapoalim, has provided a $29 million loan for the refinancing of an assisted living and skilled nursing facility located in West Palm Beach. Gold Standard of Care Group was the borrower. Totaling 70,272 square feet, the property was originally built in 1995. Significant renovations were completed in 2023 and 2024. Amenities at the community include a salon, bistro, chapel, courtyard, concierge, game room, gym, library, transportation, lounges, private dining and a spa room. Colonial Assisted Living operates the facility.
NEW YORK CITY — Dwight Mortgage Trust, REIT affiliate of Dwight Capital, has provided a $120 million bridge loan to finance a skilled nursing portfolio located in Florida. Totaling 795 beds, the portfolio comprises five skilled nursing facilities. Proceeds from the loan will be used to refinance the existing debt on two facilities as well as fund the acquisition of three of the facilities. Adam Offman of Dwight Mortgage Trust originated the financing. The properties include Balanced Healthcare in St. Petersburg, which totals 299 beds; Gulfside Health & Rehab Center in …
ST. JOHN’S, Fla. — Protea Capital Partners has received a $34.5 million loan for the construction of a new seniors housing community in St. John’s. Olga Walsh, Aaron Rosenzweig and Dan Baker of JLL Capital Markets arranged the five-year financing on behalf of Protea. Situated within the Beachwalk master-planned community, HarborChase of Beachwalk will feature 172 units, with 82 independent living, 66 assisted living and 24 memory care residences across multiple buildings. Amenities at the property will include a bar, bistro, beauty salon, arts and crafts room, theater, billiards room, fitness …
McDowell Housing Partners Begins Development of $64.7M Affordable Seniors Housing Project in Florida
PEMBROKE PARK, Fla. — McDowell Housing Partners has begun construction of Ekos at Pembroke Park, a new affordable seniors housing development located in Pembroke Park. Upon completion, the $64.7 million project will total 150 units reserved for seniors earning up to 80 percent of the area median income. This marks the 16th affordable housing project in the state of Florida for McDowell. Amenities at the community will include a clubroom, fitness center, package lockers, bike storage and six electric vehicle charging stations. Nonprofit organization Area Agency on Aging of Broward County …
OPA-LOCKA, Fla. — Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer. Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning at or below 60 and 50 percent of the area median income (AMI), with 67 units reserved for residents earning at or below 50 percent of the AMI and 32 units reserved for residents earning at or below …
SARASOTA COUNTY, Fla. — Capital Funding Group has provided a $179.8 million construction loan to Erickson Senior Living. Erickson will use the financing for the first phase of development of Emerson Lakes, a continuing care retirement community (CCRC) currently underway in Sarasota County. Situated within the Lakewood Ranch community, the first phase of Emerson Lakes will comprise four buildings — three residential buildings and one community building. Together, the three residential buildings will total 319 independent living units. Upon completion, Emerson Lakes will span 87 acres with 1,015 independent living residences …
BOCA RATON and VERO BEACH, Fla. — Funds managed by affiliates of Fortress Investment Group have sold two seniors housing communities located in Florida. Totaling 178 units, the communities include Sonata Boca Raton and Sonata Vero Beach. JLL Capital Markets brokered the sale on behalf of the seller. Agewell Solvere Living will remain in place as the operator at both communities. The buyer was not disclosed.
BONITA SPRINGS, Fla. — Seniors housing operator Discovery Senior Living has launched Calligraphy, its new operational brand. Two communities have opened under the Calligraphy brand — Calligraphy Westwood Village and Calligraphy Napa Valley, which are located in Los Angeles and Napa, California, respectively. Discovery also plans to expand the Calligraphy portfolio though 2026 and beyond. As a brand, Calligraphy is inspired by high-end hotel hospitality and defined by intentional design, curated lifestyle programming and a focus on elegance. Signature services under Calligraphy include Savour Cuisine, which offers elevated culinary experiences; VivaLife …
NAPLES, Fla. — Senior living operator, developer and investor Distinctive Living has acquired ownership of Seascape at Naples, a community located in Naples, in a joint venture with an undisclosed global investment firm. Totaling 198 units, Seascape at Naples features independent living, assisted living and memory care residences. Amenities at the property, which Distinctive Living manages, include a heated pool, bistro, salon, spa, fitness center, outdoor courtyard and walking paths. According to the company, having partial ownership will allow Distinctive Living to fully integrate its proprietary operation solutions. “Seascape at Naples …
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