SLIB Brokers $5.2M Sale of 51-Unit Community Near Tampa

by Jeff Shaw

THONOTOSASSA, Fla. — Senior Living Investment Brokerage Inc. has arranged the sale of Stone Ledge Manor, a 51-unit assisted living and memory care community in the Tampa suburb of Thonotosassa, for $5.2 million.

The community underwent a renovation and conversion to assisted living in 2008.

The undisclosed seller was a single-asset owner divesting its entire portfolio. The buyer was Birchwood Health Care Properties LLC, a Chicago-based private equity firm, that will hire a regional operator. Birchwood plans to add 26 new beds to the community.

Congressional Bank provided first mortgage financing to Birchwood. Bradley Clousing of Senior Living Investment Brokerage advised the seller on the transaction.

You may also like