LAKELAND, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 120-bed skilled nursing facility in Lakeland, located between Tampa and Orlando.
The asset was de-licensed by the state in 2017 but was allowed to re-open in early 2020 to accommodate COVID residents. The operator was provided a new license and the seller, a publicly traded REIT, elected to divest of the asset as it was nearly vacant after the initial COVID wave subsided.
SLIB represented the buyer, Mainstay Senior Living, which bought the adjacent assisted living community earlier this year. The price was not disclosed.
Bradley Clousing and Daniel Geraghty handed the transaction for SLIB.
“This was an excellent opportunity for the buyer re-create the initial vision for the campus providing assisted living, memory care and skilled nursing services all on one site,” says Clousing.