The Community
SLIB facilitated the sale of Superior Residences at Bluewater Bay, a 94-unit independent living community located in the Bluewater Bay mixed-use residential / resort community. The community offers spacious floor plans, exceptional amenities, and a resort lifestyle. The asset is ideally located within the local community given the access to retail and healthcare facilities, as well as drawing from affluent retirees, many of which were military officers. Lease-up began five months before the transaction closed and occupancy has been steadily improving. The community also benefits from limited competition in the area and a strong demographic profile.
The Process
This transaction allowed the Buyer group to expand their growing footprint in Florida. The transaction leveraged SLIB’s national, yet confidential, marketing process as the final Buyer was a partnership between a national owner/operator and institutional capital partner.
The Result
The Seller group was a local partnership between a developer and operating partner, SRI. SLIB facilitated a competitive bidding process, ultimately settling on an aggressive sale price for the community.
Superior Residences at Bluewater Bay
The Community
SLIB facilitated the sale of Superior Residences at Bluewater Bay, a 94-unit independent living community located in the Bluewater Bay mixed-use residential / resort community. The community offers spacious floor plans, exceptional amenities, and a resort lifestyle. The asset is ideally located within the local community given the access to retail and healthcare facilities, as well as drawing from affluent retirees, many of which were military officers. Lease-up began five months before the transaction closed and occupancy has been steadily improving. The community also benefits from limited competition in the area and a strong demographic profile.
The Process
This transaction allowed the Buyer group to expand their growing footprint in Florida. The transaction leveraged SLIB’s national, yet confidential, marketing process as the final Buyer was a partnership between a national owner/operator and institutional capital partner.
The Result
The Seller group was a local partnership between a developer and operating partner, SRI. SLIB facilitated a competitive bidding process, ultimately settling on an aggressive sale price for the community.
