Prime Care One Sells Two HarborChase Communities in Florida for $26.8M

NAPLES and VENICE, Fla. — JLL Capital Markets has arranged the $26.8 million sale of a senior living portfolio consisting of two properties totaling 243 units in Southwest Florida.

JLL worked on behalf of the seller, Prime Care One, to complete the sale to the buyer, Pointe Group Care.

The portfolio includes HarborChase of Naples and HarborChase of Venice, which offer assisted living, memory care and skilled nursing services. Since 2015, the previous owner invested in excess of $3.5 million to update generators, cooling towers and roofs, among other renovations.

HarborChase of Naples totals 78,859 square feet. The property consists of 93 assisted living and 24 skilled nursing units. HarborChase of Venice totals 71,980 square feet and features 83 assisted living, 16 memory care and 27 skilled nursing units.

Both Naples and Venice have some of the largest over-65 populations in the country representing 40 percent of the total population in Naples and 50 percent in Venice.

The JLL Capital Markets team representing the seller was led by Cody Tremper, Mike Garbers and Dean Ferris.