TAMPA, Fla. — Continuum Advisors has brokered the sale of a portfolio comprising five senior living properties in receivership located in central and northern Florida.
The communities include Superior Residences of Clermont in Clermont; Superior Residences of Cala Hills in Ocala; Superior Residences of Brandon in Brandon; Superior Residences of Lecanto in Lecanto; and Superior Residences of Niceville in Niceville.
In total, the portfolio comprises 340 total units, with 76 assisted living residences and 266 memory care units.
Tampa-based Continuum arranged the sale on behalf of the receiver, Healthcare Management Partners (HMP). Three separate buyers acquired the properties. David Kliewer and Jay Jordan of Continuum brokered the transactions.
A Texas-based non-for-profit purchased the portfolio in 2018 and later defaulted on its debt obligations. Derek Pierce of HMP was appointed receiver by the court.