Tim O'Brien Of Meridian Senior Living Acquires Senior Housing In Pompano Beach For $32.24M

The Preserve at Palm-Aire, located at 3701-3769 West Mcnab Road in Pompano Beach, FL, is a senior housing facility that consists of 190 beds and spans an area of 12.8 acres. The property encompasses 318,039 square feet and was sold for $32,240,000, resulting in a price per square foot of $101. This facility provides various services, including independent living, assisted living, and memory care.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $32,240,000
• Address: 3701-3769 West Mcnab Road
• Market: Pompano Beach, FL
• Beds: 190
• Acres: 12.8
• Square Footage: 318,039
• Price per Square Foot: $101
• Buyer: Tim O'Brien - Meridian Senior Living
• Seller: Harvey M. Schwartz - Carlyle Group

In this transaction, Harvey M. Schwartz, representing Carlyle Group, completed the sale of the Preserve at Palm-Aire assisted living facility to Tim O'Brien of Meridian Senior Living. The facility is noted for its comprehensive range of senior care services, catering to both independent and assisted living needs, along with specialized memory care.