Scott M. Brinker Of Healthpeak Properties Acquires Senior Housing In St. Augustine For $54M

The asset involved in this transaction is a senior housing facility located at 1101 Plantation Island Drive South in St. Augustine, FL. The property comprises 102,786 square feet and was sold for a transaction amount of $54,000,000, reflecting a price per square foot of $525.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $54,000,000
• Square Footage: 102,786
• Address: 1101 Plantation Island Drive South
• Market: St. Augustine, FL
• Buyer: Scott M. Brinker - Healthpeak Properties
• Seller: KAPG St. Augustine Senior Housing OpCo LLC

Scott M. Brinker represented Healthpeak Properties in this acquisition, while KAPG St. Augustine Senior Housing OpCo LLC was the seller of the property. This transaction marks the inclusion of the Allegro Senior Living St. Augustine community into Healthpeak's healthcare real estate portfolio, as Allegro Living exits ownership of the facility.