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Curt Schaller Of Focus Healthcare Partners Acquires Mariposa Senior Living Facility For $63.77M

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SOLD
$63,770,000

Florida

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Senior Housing410,663 SF
Sold 09/11/2024
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Property Image
SOLD

Curt Schaller Of Focus Healthcare Partners Acquires Mariposa Senior Living Facility For $63.77M

9130 Hypoluxo Road

See Similar Deals
Senior Housing410,663 SF
Sold 09/11/2024
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Summary

FLORIDA
Asset Type:Senior Housing
Price Per Square Foot:$155
Total Square Footage:410,663 SF
Transaction Type:Sale

The property involved in this transaction is a senior housing facility located at 9130 Hypoluxo Road in Lake Worth. The facility includes 377 beds, spans across 22.5 acres, and offers 410,663 square feet of living space. It contains assisted living, independent living, and memory care units. The sale price was $63,770,000, with 313 units at a price per unit of $203,738 and a price per square foot of $155.

Summary of transation details:

  • Property Type: Senior Housing
  • Transaction Amount: $63,770,000
  • Buyer: Curt Schaller - Focus Healthcare Partners
  • Seller: Brian W. Wood & Debra A. Cafaro - Ventas
  • Lender: JLL Capital Real Estate
  • Units: 313
  • Beds: 377
  • Acres: 22.5
  • SF: 410,663
  • PPU: $203,738
  • PPSF: $155

The deal involved significant players in the senior housing market, with Curt Schaller representing Focus Healthcare Partners in the purchase, while Brian W. Wood and Debra A. Cafaro represented Ventas as the sellers. The transaction indicates a continuation of investment in senior living facilities, as the buyer secured a mortgage of $48 million to support the acquisition of the 2017-built property.

Players

LENDER

Details

SOLD
IMAGE: Brian W. Wood, Debra A. Cafaro & Curt Schaller DATE: 09/11/2024 ADDRESS: 9130 Hypoluxo Road MARKET: Lake Worth ASSET TYPE: Senior Housing ~ BEDS: 377 ~ ACRES: 22.5 BUYER: Curt Schaller - Focus Healthcare Partners SELLER: Brian W. Wood & Debra A. Cafaro - Ventas LENDER: JLL Capital Real Estate (@JLL) SALE PRICE: $63,770,000 UNITS: 313 ~ PPU: $203,738 SF: 410,663 ~ PPSF: $155 NOTE: Chicago-based Ventas' BRP Senior Housing LLC sold the 377-bed Mariposa senior living facility near Lake Worth Beach for $63.77 million to Focus Healthcare Partners' FFII Mariposa Owner LLC. The buyer secured a $48 million mortgage and took over operations of the 2017-built property, which spans 410,663 square feet and includes assisted living, independent living, and memory care units.

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