Welltower Acquires 377-Unit Senior Housing Facility In Lake Worth For $87.2 Million

The property asset involved in the transaction is a 377-unit assisted living facility known as The Arbor at Lake Worth, located at 9130 Hypoluxo Road in Lake Worth. The facility, which spans 366,036 square feet, was built in 2017 and is situated on a 22-acre lot. The facility was sold for $87,200,000.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $87,200,000
• Units: 377
• Price Per Unit: $231,300
• Square Footage: 366,036
• Price Per Square Foot: $238
• Buyer: Shankh Mitra - Welltower
• Seller: Paul Froning & Curt Schaller - Focus Healthcare Partners

Key individuals involved in the deal include Shankh Mitra representing Welltower as the buyer, and Paul Froning along with Curt Schaller from Focus Healthcare Partners representing the seller, showcasing the collaboration between these entities in the acquisition.