The property asset involved in the transaction is a senior housing facility located at 1949 East West Parkway in Fleming Island. The asset encompasses 7.2 acres and has a total square footage of 125,445. The sale price for the property was $38,700,000, which translates to a price per square foot of $309.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $38,700,000
• Address: 1949 East West Parkway
• Market: Fleming Island
• Square Footage: 125,445
• Price per Square Foot: $309
• Buyer: Debra A. Cafaro - Ventas Inc.
• Seller: Chase, Harry & Jay Patel - Sage Development Group
• Date of Sale: 12/03/2024

The key individuals involved in this deal include Debra A. Cafaro, representing Ventas Inc., and the sellers, Chase, Harry, and Jay Patel from Sage Development Group. Seagrass Village of Fleming Island was developed in 2018 and offers a combination of independent living, assisted living, and memory care services.