Updated Nov 9, 2026
Shankh Mitra Of Welltower Acquires Nursing Home Portfolio In Wilton Manors And Fort Lauderdale For $110.9M
2675 North Andrews Avenue & 2000 East Commercial Boulevard
$110,900,000
$855/SF
Building Size
129,576 SF
Asset Type
Nursing Home
Closing
Nov 5, 2026
About this deal
AI
The property involved in this transaction consists of two nursing homes located at 2675 North Andrews Avenue and 2000 East Commercial Boulevard in Wilton Manors & Fort Lauderdale, FL. This nursing home asset spans 6.5 acres with a total square footage of 129,576 and a sale price of $110,900,000, reflecting a price per square foot of $856.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $110,900,000
- Buyer: Shankh Mitra
- Buyer Representation: Welltower
- Seller: David Katz
- Seller Representation: TL Management
- Market: Wilton Manors & Fort Lauderdale, FL
- Acres: 6.5
- Square Footage: 129,576
- Price Per Square Foot: $856
This transaction involved Welltower acquiring two nursing homes in Broward County for a combined amount of $110.9 million. This acquisition included the Wilton Manors Health & Rehab Center for $58.7 million and the Fort Lauderdale Health & Rehab Center for $52.2 million. Additionally, a separate sale included the Glades West Rehab & Nursing Center located at 15955 Bass Creek Road in Miramar for $49.09 million.
On the Map
$110,900,000
$855/SF
Nursing Home
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Players
Wilton Manors Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Deal FAQ
About $855 per square foot on a published $110.9M for 129,576 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93