Deborah Harmon Of Artemis Real Estate Partners Acquires Senior Housing In Delray Beach For $140M

The Arbor at Delray, a 207-unit assisted living facility located at 6595 and 6589 Morikami Park Road, was sold for $140 million. This senior housing community spans 224,951 square feet and is situated on a 7.24-acre site in Delray Beach, Florida. The price per unit stands at $676,329, with a price per square foot of $622.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $140,000,000
• Buyer: Deborah Harmon - Artemis Real Estate Partners
• Seller: Cathy Marcus - PGIM Real Estate
• Units: 207
• Square Footage: 224,951
• Acreage: 7.24
• Price per Unit: $676,329
• Price per Square Foot: $622

In this transaction, Deborah Harmon represented Artemis Real Estate Partners as the buyer, while Cathy Marcus represented PGIM Real Estate as the seller. The transaction highlights the ongoing investment interest in senior housing facilities, with the property being completed in 2023.