Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Broward Senior Living Facility Trades for a Discounted $56M
Parkland FL Senior Housing Propco, an affiliate of Kayne Anderson Real Estate Advisors, has acquired Aston Gardens at Parkland Commons, a 325-unit senior living facility in Parkland. The sales price was $55.7 million.
The seller was a subsidiary of Welltower, which had acquired the property for $78.6 million in 2015. The Toledo, OH-based REIT has recently felt pressure on its national senior living portfolio, as the Covid-19 pandemic has made it difficult to secure new residents. Occupancy rates have recently declined.
Built in 2002, the 349,250-square-foot facility has independent living, assisted living and memory care units.
For comments, questions or concerns, please contact David Cohen
