Wickshire Senior Dwelling purchased a Fort Lauderdale facility for $17.3 million, as Florida’s repute as a magnet for retirees continues to spur investor demand within the sector.
The Brentwood, Tennessee-based firm purchased the property at 2855 West Industrial Boulevard from an affiliate of Denver-based Healthpeak Properties, information present.
The deal for the 293-unit facility equates to $59,044 per unit. The 303,992-square-foot constructing was constructed in 1988 on 18 acres, property information present.
The power affords impartial residing, assisted residing and reminiscence care, based on Wickshire’s web site.
Healthpeak Properties, an actual property funding belief led by Thomas Herzog, has been promoting off its senior residing services, together with at the very least 4 in South Florida this 12 months.
It offered three services in Boynton Seashore and close to Delray Seashore and Boca Raton to Fortress Funding Group in Could for $29.3 million.
Additionally in Could, Fortress purchased a Coconut Creek facility from Healthpeak for $11.9 million.
In one other latest senior housing deal, Gold Commonplace of Care this month purchased an assisted residing and nursing house in West Palm Seashore for $14 million.