RSR Senior Residences Acquires Senior Housing Property In Margate For $16M

The senior housing property located at 5850 Margate Blvd in Margate was recently sold in a transaction. The property consists of 140 units and was sold for a price of $16,000,000. This translates to an average price per unit of $114,286.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $16,000,000
• Address: 5850 Margate Blvd
• Market: Margate
• Units: 140
• Price per Unit: $114,286

The buyer of the property is RSR Senior Residences, and they were represented by their broker. The seller of the property is Yanir Shmaryou. The lender involved in the transaction is Old Second National Bank.