Blanding Beatty And Chris Guay Acquire Oasis At Coral Reef Senior Facility For $41.2M

The property asset involved in this transaction is a senior housing facility located at 15005-15060 Southwest 97th Avenue in Miami. The facility spans 9.3 acres and contains 127 units. The sale price for the Oasis at Coral Reef senior living facility was $41,200,000, resulting in a per unit price of $324,409.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $41,200,000
• Address: 15005-15060 Southwest 97th Avenue
• Market: Miami
• Units: 127
• PPU: $324,409
• Seller: Avi Bittan - Royal Senior Care
• Buyer: Blanding Beatty - Winterpast Capital Partners; Chris Guay - Vitality Senior Living
• Lender: Forbright Bank
• Brokerage: Ross Sanders, Dave Fasano, Cody Tremper & Mike Garbers - Berkadia
• Acquisition Financing: $35.9M

This transaction involved notable individuals and companies, including the buyer representatives Blanding Beatty from Winterpast Capital Partners and Chris Guay from Vitality Senior Living, who acquired the property from Avi Bittan representing Royal Senior Care. The brokerage team from Berkadia, comprised of Ross Sanders, Dave Fasano, Cody Tremper, and Mike Garbers, facilitated the transaction.