JACKSONVILLE, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Beach House, an 84-unit assisted living and memory care community in Jacksonville.
Built in 2014, the community features a total of 100 beds.
The buyer is a partnership between a regional operator and two investment firms, one based in Florida and the other in New York. The seller was divesting of the asset as part of a planned investment horizon. The price was not disclosed.
Bradley Clousing, Matthew Alley and Jeff Binder handled the transaction for SLIB.
“This will be an excellent opportunity for the buyer to stabilize the asset, taking advantage of the attractive physical plant,” says Clousing.