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MAITLAND, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Savannah Grand of Maitland, a 98-unit assisted living and memory care community in the Orlando suburb of Maitland.
The community was built in 1998. A publicly traded REIT sold the asset to a regional owner-operator for an undisclosed price. The buyer has planned renovations to the asset.
Bradley Clousing and Daniel Geraghty handled the transaction in SLIB.
“This will be an excellent addition to the buyer’s portfolio,” says Clousing. “They will be able to utilize their construction team as well as their local knowledge to quickly stabilize the asset.”