Quality Senior Housing Foundation Acquires Senior Housing Facility In St. Augustine For $22.17M

Quality Senior Housing Foundation, Inc acquired a senior housing asset located at 150 Village Crossing Court in St. Augustine, Florida. The facility, named Symphony at St. Augustine, consists of 74 beds and spans 40,608 square feet on a total of 8.71 acres. The sale was finalized for a total price of $22,170,000, emphasizing the market's value in senior housing. The property is positioned within a growing market catering to senior living needs.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $22,170,000
• Buyer: Quality Senior Housing Foundation, Inc
• Seller: Jack Dwyer - Capital Funding Group
• Lender: UMB Bank
• Square Footage: 40,608
• Price per Square Foot: $546
• Beds: 74
• Acres: 8.71
• Market: St. Augustine

In this transaction, Jack Dwyer represented Capital Funding Group as the seller. The buyer, Quality Senior Housing Foundation, Inc, operates five long-term care facilities across the Midwest and is structured as a 501(c)(3) nonprofit organization. The acquisition financing was facilitated by UMB Bank, showcasing involvement from established financial institutions in the healthcare real estate sector.