Innovation Senior Living Acquires Two Savannah Court Communities in Central Florida

by Jeff Shaw

BARTOW and ST. CLOUD, Fla. — Innovation Senior Living has acquired Savannah Court of Bartow and Savannah Court of St. Cloud.

Located in the Central Florida cities of Bartow and St. Cloud, the communities target middle-market residents. 

Innovation now has five communities under its ownership and management. The new acquisitions are part of the company’s three-year plan to add 12 to 15 properties to its portfolio.

“These communities are stable and centrally located in the state of Florida,” says Pilar Carvajal, CEO and founder of Innovation Senior Living. “These elements make it a perfect addition to our communities as we continue to grow and serve individuals in need of a quality, middle-income option.”Innovation has renamed the communities The Club at Bartow and The Club at St. Cloud and plans to make renovations to both properties. Additionally, Innovation Senior Living will introduce their partnership with Medicare Advantage Plans and actively look to increase affordability in the community by offering more semi-private accommodations.

Brooks Blackmon and Lauren Nagle of Blueprint Healthcare Real Estate Advisors brokered the transaction. According to the brokerage, a REIT sold the communities, both of which were built in 2000. At the time of marketing, the communities were 90 percent occupied and operating at 13 percent and 32 percent margins in Bartow and St. Cloud, respectively.

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