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PALM COAST, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Gold Choice Palm Coast, a 50-unit assisted living and memory care community in Palm Coast, approximately midway between Jacksonville and Orlando.
The community was built in 2021 and spans 33,552 square feet on a 6.6-acre parcel.
The seller was a Florida-based owner-operator that originally developed the community. The asset was fully stabilized with opportunity to continue revenue growth, according to SLIB.
The buyer was a 1031 fund looking for newer assets with strong in-place yield. The price was not disclosed.
Bradey Clousing and Daniel Geraghty handled the transaction for SLIB.