Allen McMurtry, Paul Carr, David Kliewer and Megan Fetter Represented an Institutional Owner in the Sale of a 93-Unit Assisted Living and Memory Care Community
TAMPA, FL, April 4, 2018 – Cushman & Wakefield has negotiated the sale of a 93-unit, 85,000-square-foot senior living community for over $400,000 per unit. The Class-A assisted living and memory care community is situated on six acres in the Atlanta metro area.
Based in Cushman & Wakefield’s Tampa office, Executive Director Allen McMurtry, Senior Director Paul Carr, Senior Director David Kliewer and Senior Director Megan Fetter represented a global real estate investment company in the disposition. The buyer is a private equity fund with properties throughout the United States.
Built in 2009, the two-story community is considered a market-leader, with a long history of occupancy above 95 percent. The community offers studio, one-bedroom and two-bedroom units and features a mix of 67 assisted living units and 26 memory care units.
“This sale represents the continued strong investor demand for stabilized Class-A senior housing communities in the market,” said Carr. “The existing operator is best-in-class, and will remain in place with the new owner, which was one of several key drivers of value during a highly competitive marketing process.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida