Florida

MIAMI — Swerdlow Group has broken ground on Sawyer’s Walk, a 1.4 million-square-foot mixed-use development in Miami’s Overtown neighborhood that will include 250,000 square feet of retail space below 578 apartments designated for low-income seniors. Swerdlow Group is collaborating with the Southeast Overtown/Park West Community Redevelopment Agency (CRA) on the $300 million project. Swerdlow Group and its partners, Delray Beach, Fla.-based SJM Partners and Miami-based Alben Duffie, acquired the 3.4-acre property at 249 NW 6th St. from the Community Redevelopment Agency for $10 million. Construction is scheduled for completion in …

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MIAMI — CBRE has arranged $78 million in financing for an upscale seniors housing community near the University of Miami. Aron Will, Austin Sacco and Adam Mincberg of CBRE Senior Housing arranged the three-year, floating-rate loan with full-term interest-only payments. A debt fund provided the capital, which refinances existing debt. Further details on the property were not disclosed.

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ROCKLEDGE, Fla. — Validus Senior Living has opened the doors on Alura by Inspired Living, an independent living, assisted living and memory care community in Rockledge, a coastal city east of Orlando. Situated on 11.3 acres, the 113,935-square-foot building will feature a total of 127 one- and two-bedroom apartments. Alura by Inspired Living is part of an ongoing relationship between Tampa-based operator Validus and developer Premium Edge LLC. “Inspired Living” is the upscale brand of Validus.

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ST. PETERSBURG, Fla. — LifeStar Living has acquired a site in St. Petersburg for development of The Manhattan St. Petersburg, a seniors housing community. Neighboring the Gulf of Mexico and Boca Ciega Bay, the resort-style community will be situated in the heart of St. Petersburg’s Skyway Marina District. The property will feature 80 condo-style residences ranging from 1,050 to 2,600 square feet, with assisted living and home health services available. Development costs are estimated at $125 million. At the helm of this innovative project are LifeStar’s co-founders, elite sports agent …

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DELRAY BEACH, BOYNTON BEACH, BOCA RATON, COCONUT CREEK and VERO BEACH, Fla. — JLL Capital Markets has arranged the $64 million sale of a five-property seniors housing portfolio with properties located throughout Southeast Florida. JLL represented an undisclosed seller to complete the sale to an affiliate of Fortress Investment Group LLC. JLL is also working on the buyer’s behalf to secure the acquisition financing. Florida-based Sonata Senior Living has operated the communities for more than three years and will continue to manage the properties going forward. The portfolio includes five …

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WILTON MANORS, Fla. — Carrfour Supportive Housing, Florida’s largest nonprofit affordable housing developer, has teamed up with The Pride Center, one of the nation’s largest nonprofit LGBTQ+ community centers, to complete The Residences at Equality Park, an LGBTQ-focused supportive housing community. The $15.3 million, 48-unit, four-story development is located on The Pride Center’s Equality Park campus just north of Fort Lauderdale in the city of Wilton Manors. The community provides permanent affordable housing coupled with on-site supportive services for low-income residents over age 55 living with disabling conditions such as …

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DELRAY BEACH, Fla. — Newmark has arranged construction financing for Holden of Boca/Delray, a 187-unit seniors housing development in the South Florida city of Delray Beach. The borrower is a joint venture between Alliance Residential Company and a global institutional real estate manager. Sarah Anderson, Ryan Maconachy, Chad Lavender, David Fasano and Ross Sanders represented the borrower in the financing efforts. A bank provided the construction loan. The development, which will feature 89 independent living units, 76 assisted living units and 22 memory care units, has received site plan approval. …

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DALLAS — Lone Star Funds, a Dallas-based private equity firm, has acquired a 10-property portfolio of properties operated by Discovery Senior Living in Florida, Texas and Georgia. Healthpeak (NYSE: PEAK) sold the assets for $334 million. Although the REIT disclosed the sale during its first-quarter results last week, further details, including the buyer, weren’t disclosed at that time. Healthpeak is selling the bulk of its seniors housing portfolio in a move to exit the industry in favor of life sciences and medical office real estate. Discovery Senior Living retained management …

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HORIZON WEST, Fla. — The Blake has neared completion of The Blake at Hamlin, a seniors housing community in Horizon West, a master-planned community west of Orlando near Disney World. The property will offer assisted living and memory care services. The number of units was not disclosed. Angie Layfield will serve as executive director while Joshua Bentley will be director of sales and marketing. The property is scheduled to open in fall of 2021.

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GAINESVILLE, Fla. — Dwight Capital has provided a $94.3 million HUD-insured loan for The Village at Gainesville, a 651-bed senior living community in Gainesville. The gated property is situated on a 104-acre campus in close proximity to many parks and recreational areas, including the 110-acre Mark Bostick Golf Course. The community provides its residents with services including assisted living, memory care, and board and care. This refinancing closed as the largest healthcare 232(a)(7) loan in HUD’s history to date, according to Dwight Capital. Josh Sasouness and Avi Lifshitz originated the …

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