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8785 Lake Worth Road

John Cobb Of Health Wave Partners Acquires Alamar Senior Living In Lake Worth For $30.71M
SOLDSenior Housing

John Cobb Of Health Wave Partners Acquires Alamar Senior Living In Lake Worth For $30.71M

8785 Lake Worth Road

$30,710,000

Units

134

Asset Type

Senior Housing

Closing

Jul 17, 2026

AI

The property involved in the transaction is an 11.75-acre senior housing asset located at 8785 Lake Worth Road in Lake Worth, FL. This asset, known as Alamar Senior Living, consists of 134 units and was sold for a total transaction amount of $30,710,000, resulting in a price per unit of $229,179. The property was 96% occupied at the time of sale.

Summary of transaction details:

John Cobb represented Health Wave Partners in acquiring the Alamar Senior Living community, while Eric Mogentale and Jeffrey Quicksilver represented Walton Street Capital in the sale. Greg Rush represented Scarp Ridge Capital Partners in the transaction. Synovus Bank provided a $29 million acquisition loan for this deal.

Players

JLL
JLLBrokerage

John Cobb

Health Wave Partners

Buyer

$30.7M

vol

1 deal

Buyer

Eric Mogentale

Walton Street Capital

Seller

$354.2M

vol

4 deals

Seller
Synovus Bank
Synovus BankLender

Lake Worth Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93