Scott M. Brinker Of Healthpeak Properties Acquires Allegro Senior Living From Albert Rabil For $62M

The property asset involved in the transaction is a senior housing facility located at 11450 Hagen Ranch Road, Boynton Beach, FL. The sale was executed at a price of $62,000,000. The facility comprises 136 units and spans a total of 146,573 square feet, resulting in a price per unit of $455,882 and a price per square foot of $423. The property sits on 7.5 acres of land.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $62,000,000
• Units: 136
• Square Footage: 146,573
• Price Per Unit: $455,882
• Price Per Square Foot: $423
• Buyer: Scott M. Brinker - Healthpeak Properties
• Seller: Albert Rabil - Kayne Anderson Real Estate

This transaction highlights the continued interest in the senior housing sector in Palm Beach County, with the prior sale of the facility recorded at $27.03 million in 2019, indicating significant appreciation in value over the years.