AHIB Sells Two Affordable Communities in Palatka, Florida for $4.9M

PALATKA, Fla. — Affordable Housing Investment Brokerage Inc. (AHIB) has sold Kay Larkin Apartments, a 60-unit garden-style apartment complex, and Grand Pines Apartments, a 78-unit senior living apartment community. Both properties are located in Palatka, approximately midway between Jacksonville and…

Grandbridge Negotiates $45M Bankruptcy Sale of Community in Florida

CHAMPIONSGATE, Fla. — Grandbridge Real Estate Capital’s Tampa-based seniors housing investment sales team has arranged the sale of a 223-unit senior living campus located in ChampionsGate, approximately 25 miles southwest of downtown Orlando. The Grandbridge sales team led by David…

SantaFe Senior Living Appoints Ron Jennette as President, COO

GAINESVILLE, Fla. — SantaFe Senior Living, a Gainesville-based operator of three senior living communities in North Central and South Florida, has appointed Ron Jennette as its new president and chief operating officer. Jennette will oversee The Village at Gainesville, The…

IPA Brokers Sale of 65-Unit Parkside in Port Charlotte, Florida

PORT CHARLOTTE, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Parkside Assisted Living and Memory Cottage, a 65-unit, 94-bed seniors housing community in Port Charlotte. The community was developed by a…

Arbor Plans 187-Unit Community in Delray Beach, Florida

DELRAY BEACH, Fla. — The Arbor Company has unveiled plans for The Arbor at Delray, a 187-unit seniors housing community in Delray Beach. The luxury-style community, which is slated to open in early 2023, will feature 89 independent living apartments,…