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AcquisitionsAssisted LivingFloridaNews

Blueprint Negotiates Sale of 60-Unit Community in Central Florida

by Jeff Shaw

CENTRAL FLORIDA — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 60-unit assisted living community in Central Florida. A national real estate investment platform acquired the asset and brough in a regional operator to take over management. Further details on the transaction were not disclosed. Blueprint marketed the opportunity as part of a portfolio encompassing 16 senior communities located throughout the Southeast, Midwest and Mid-Atlantic. The subject community was positioned as a value-add offering, with a history of strong performance and significant upside potential, particularly due to …

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CCRCFloridaNewsPeople

Lifespace Hires Patrick Noonan as Executive Director of Harbour’s Edge in Delray Beach, Florida

by Jeff Shaw

DELRAY BEACH, Fla. — Lifespace Communities has hired Patrick Noonan as executive director at Harbour’s Edge, a continuing care retirement community in Delray Beach.  Noonan has over 30 years’ experience leading senior living operations and managing healthcare administration, most recently serving as executive director at The Glenview at Pelican Bay in Naples.  Noonan earned his bachelor’s degree in business administration from Fontbonne University in St. Louis. He is also a Licensed Nursing Home Administrator in Florida and a Licensed Florida Community Association Manager.

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AcquisitionsAssisted LivingFloridaNewsSouth Carolina

Sonida Acquires Eight-Asset Portfolio in Florida, South Carolina for $103M

by Jeff Shaw

FLORIDA and SOUTH CAROLINA — Sonida Senior Living Inc. (NYSE: SNDA), a Dallas-based owner, operator and investor, has agreed to acquire eight senior living communities in northern Florida and South Carolina. Totaling 555 units of assisted living and memory care, Sonida will pay $103 million for the portfolio. The seller was not disclosed. “With this planned acquisition, Sonida will further broaden its high-quality and regionally focused real estate portfolio with newer vintage communities in mid-to-large metropolitan areas with favorable growth prospects,” says Brandon Ribar, president and CEO. The eight communities …

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CCRCDevelopmentFinanceFloridaNews

Ziegler Arranges $150M Bond Financing for Shell Point Retirement Community in Fort Myers, Florida

by Jeff Shaw

FORT MYERS, Fla. — Ziegler has arranged $150 million in bond financing for Shell Point Retirement Community, a nonprofit, faith-based continuing care retirement community (CCRC) in Fort Myers. Shell Point currently consists of 1,334 independent living units, 356 assisted living units and 180 skilled nursing beds located in seven distinctive neighborhoods: The Island, Palm Acres, The Woodlands, Eagles Preserve, The Enclave, The Estuary and Waterside. The property features a wide array of home styles, resort amenities and services.  The community is located on 700 acres along the Caloosahatchee River. Shell …

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Affordable HousingDevelopmentFloridaNews

SG Holdings Opens 578-Unit Affordable Community at Sawyer’s Walk in Miami

by Jeff Shaw

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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AcquisitionsAssisted LivingFloridaNews

Berkadia Negotiates $42.6M Sale of Four-Property Portfolio in Florida

by Jeff Shaw

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
AcquisitionsAssisted LivingFloridaNews

Atlas Senior Living Acquires Three Communities in Metro Orlando

by Jeff Shaw

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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FloridaNewsOperationsPeople

Watermark Names Dan Guanio as Executive Director of The Glades at ChampionsGate in Four Corners, Florida

by Jeff Shaw

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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AcquisitionsFloridaNews

Continuum Advisors Negotiates Sale of 387-Unit Amavida in Fort Myers, Florida

by Jeff Shaw

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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Affordable HousingDevelopmentFloridaNews

FK Architecture Designs $25M The Fountains at Hidden Lake  Affordable Community in Crystal River, Florida

by Jeff Shaw

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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