MERRITT ISLAND, Fla. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Cedar Creek Assisted Living in Merritt Island, located east of Orlando.
Built in 2004, the facility features 70 assisted living units.
The seller is a publicly traded REIT. The buyer is a regional owner-operator based in Florida that intends to renovate the asset. The price was not disclosed.
Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.