Ventas Inc. Acquires Senior Housing In Jupiter For $41.2M With Buyer's Rep Peter J. Bulgarelli & Seller's Rep Stephen Schwarzman
110 Mangrove Bay Way, Jupiter, Florida 33477, United States
$41,230,000
Units
155
Asset Type
—
Closing
Feb 6, 2022
About this deal
AI
The senior housing property located at 110 Mangrove Bay Way in Jupiter was recently sold. The property spans over 6.5 acres and is situated in a desirable market. The transaction took place on 02/07/2022.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $41,230,000
- Address: 110 Mangrove Bay Way
- Market: Jupiter
- Buyer: Ventas Inc. - Peter J. Bulgarelli
- Seller: Blackstone Group - Stephen Schwarzman
The buyer, Ventas Inc., was represented in the deal by Peter J. Bulgarelli. On the other hand, the seller, Blackstone Group, was represented by Stephen Schwarzman. The transaction involved the sale of 155 units, with each unit priced at $266,000.
Players
Jupiter CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93