Colliers Arranges Sale of 80-Unit Community in Florida for $9.4M

by Jeff Shaw

LONGWOOD, Fla. — Colliers International has brokered the sale of Cornerstone at Longwood, an 80-unit assisted living and memory care community in the Orlando suburb of Longwood, for $9.4 million.

Cornerstone at Longwood is a 32,968-square-foot facility on a 1.62-acre plot. Of the 80 units, 63 are assisted living and 17 are memory care. The property was built in 1965, and was completely remodeled in 2006 by the seller, Pacor Inc.

Kenneth Carriero, senior vice president, and Damien Carriero, associate vice president, led the Colliers team. At the time of closing Cornerstone was 90 percent occupied.

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