Bradley Clousing sold a 169 unit Assisted Living/Memory Care Facility located in the St. Petersburg/Tampa Bay MSA. The facility was built in 2010 and consists of 168 units/218 beds and 8 commercial suites. The facility has enjoyed a steady lease-up to over 80% occupancy since opening and outpacing the initial projections. The facility had existing assumable, non-recourse HUD debt with favorable terms. For additional information on this transaction or information regarding the Florida seniors housing market, contact Brad Clousing at 630/858-2501 or clousing@slibinc.com
