Welltower Approaches Record in Florida, $18.7M Sale in PA

Welltower Subsidiary Pays $130M for South Florida Senior Living Facility 

Welltower Jefferson Propco TRS, a subsidiary of the Toledo, Ohio-based Welltower (NYSE: WELL), purchased the 527-bed senior living complex Stratford Court near Boca Raton, Fla., for $130 million, or $246,679 per unit.

The site spans 447,948 square feet and includes independent living, assisted living, skilled nursing, and memory care.

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The deal is one of the largest prices ever paid for an assisted/senior living complex in South Florida, according to South Florida Business Journal.

Blueprint Announces $18.75M SNF Sale in Pennsylvania

Blueprint Healthcare Real Estate Advisors announced the sale of a 180-bed skilled nursing facility for $18.75 million, or about $104,000 per bed, in the Lehigh Valley region of eastern Pennsylvania.

The buyer was a regionally focused owner-operator with experience doing business in the state; Blueprint worked with the buyer to work with the Department of Housing and Urban Development (HUD) and gain approval in 45 days.

Senior Living Investment Brokerage Sells Texas SNF for $3.5M

The Glen Ellyn, Il.-based Senior Living Investment Brokerage arranged the sale of a SNF with 120 licensed beds in Bastrop, Texas for $3.5 million.

The facility includes 86 operating beds. The seller is a publicly traded real estate investment trust (REIT) specializing in health care investments; the outgoing operator is a Texas-based group focused on Texas SNFs. The buyer was a self-advised real estate company focused on senior housing.

SLIB managing director Matthew Alley led the deal for the brokerage.

Written by Maggie Flynn

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