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

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:

• Property Type: Senior Housing
• Transaction Amount: $30,710,000
• Buyer: John Cobb - Health Wave Partners
• Seller: Eric Mogentale & Jeffrey Quicksilver - Walton Street Capital; Greg Rush - Scarp Ridge Capital Partners
• Broker: JLL
• Lender: Synovus Bank
• Units: 134

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.