Berkadia Negotiates 80-Unit Seniors Housing Sale in Palm Beach County, Florida
PALM BEACH COUNTY, FLORIDA – September 4, 2024 – Berkadia announced today the sale of an 80-unit assisted living and memory care community in Palm Beach County, Florida. Managing Director Brooks Minford of Berkadia Seniors Housing & Healthcare led the transaction on behalf of the seller, a Florida-based seniors housing and multifamily developer.
The community sold to a Central Florida-based owner/operator looking to expand their operational footprint into South Florida. The community is located in a densely populated Palm Beach County submarket less than a half mile from over 750,000 square feet of retail space occupied by tenants including Walmart Neighborhood Market, Marshall’s, and Phoenix Theaters. The property is just a short drive from HCA Florida’s JFK Hospital and Wellington Regional Medical Center.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of investment sales, advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.
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