Welltower Acquires Oakmonte Village Senior Living Facility In Davie For $34.275M

The transaction involved the sale of a senior housing facility located at 8201 Stirling Road in Davie, encompassing 8.6 acres of land. The facility, Oakmonte Village, comprises 220 beds and includes independent living, assisted living, and memory care units, with a sale price of $34,275,000 and a total square footage of 182,523. The price per square foot was recorded at $188.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $34,275,000
• Address: 8201 Stirling Road
• Market: Davie
• Acres: 8.6
• Square Footage: 182,523
• Price Per Square Foot: $188
• Buyer: Shankh Mitra - Welltower
• Seller: Avi Bittan & Sean Kanov - Royal Senior Care; Marcelo Saiegh, Gustavo Bogomolni & Hernan Leonoff - MG3 Group

This sale represents Welltower's first acquisition since the facility was constructed in 2017, demonstrating a continued interest in the senior living sector. The transaction involved multiple parties with complex ownership and management structures, indicating a significant collaborative effort in executing the deal.