Florida

All-Seasons-Delray_Delray-Beach-Fla
Assisted LivingDevelopmentFloridaIndependent LivingNews

Beztak Underway on 153-Unit Luxury Community in Delray Beach, Florida

by Hayden Spiess

DELRAY BEACH, Fla. — Beztak is underway on the development of a new luxury senior living community in Delray Beach.  Upon completion, All Seasons Delray will total 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities at the property will include a swimming pool, landscaped courtyard, upscale pub and dining venues, theater, library, game room, fitness center, pottery and art studios, activity spaces and an on-site medical center.  ANF is serving as the construction manager for the project. “This community reflects a new standard in senior living, pairing …

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Oasis at Aventura
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, AM Affordable Housing Open 95-Unit Community in Miami

by Hayden Spiess

MIAMI — Housing Trust Group (HTG) and AM Affordable Housing have opened Oasis at Aventura, a new affordable seniors housing community in Miami. Totaling 95 units across eight stories, the property was developed for $38 million.  Apartments at the community, which feature a one-bedroom layout, are reserved for residents age 62 and older earning at or below 25, 33 and 60 percent of the area median income. Monthly rental rates range from $555 to $1,369.  Amenities at Oasis at Aventura include a fitness center, community room, library, resident lounge, an outdoor …

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Terracotta-Terrace_Winter-Park-Fla
Active AdultDevelopmentFloridaNews

United Group Begins Construction on 152-Unit Active Adult Community in Orlando Metro

by Hayden Spiess

WINTER PARK, Fla. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly 6 miles northeast of Orlando.  Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie …

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American-House-Bluewater-Bay
AcquisitionsFloridaIndependent LivingNews

Berkadia Brokers Sale of 94-Unit Independent Living Community Near Destin, Florida

by Hayden Spiess

NICEVILLE, Fla. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin. Built in 2-15, the community was more than 95 percent occupied at the time of sale.  Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership. 

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Atrium-Boca-Raton_Boca-Raton-Fla
AcquisitionsAssisted LivingFloridaMemory CareNews

Blueprint Brokers Sale of 145-Unit Senior Living Property in Boca Raton

by Hayden Spiess

BOCA RATON, Fla.  — Blueprint has brokered the sale of a 145-unit assisted living and memory care property located in Boca Raton in South Florida.  A South Florida-based developer acquired the property, The Atrium at Boca Raton, for an undisclosed price. The property was above 90 percent occupancy as of 2024, according to Blueprint. Operator Gold Standard of Care will partner with the buyer to guide operations and growth at the community.  Ben Firestone, Jacob Gehl and Dillon Rudy of Blueprint represented the seller in the transaction. 

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AcquisitionsAssisted LivingFloridaIndependent LivingMemory CareNews

Berkadia Brokers Sale of 156-Unit Community in Central Florida

by Hayden Spiess

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. 

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Assisted LivingFinanceFloridaNewsSkilled Nursing

BHI Provides $29M Refinancing for Assisted Living, Skilled Nursing Facility in West Palm Beach

by Hayden Spiess

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. 

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FinanceFloridaNewsSkilled Nursing

Dwight Mortgage Trust Provides $120M Bridge Loan for Florida Skilled Nursing Portfolio

by Hayden Spiess

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 …

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HarborChase-Beachwalk_St.Johns-Fla
Assisted LivingDevelopmentFinanceFloridaIndependent LivingMemory CareNews

Protea Capital Partners Receives $34.5M Construction Financing for Seniors Housing Community in Florida

by Hayden Spiess

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 …

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Ekos-Pembroke-Park_Pembroke-Park-Fla
Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners Begins Development of $64.7M Affordable Seniors Housing Project in Florida

by Hayden Spiess

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 …

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