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White Oak Healthcare Finance Acquires Senior Living Property In Boynton Beach For $56M

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SOLD
$56,000,000

Maryland

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Other235,172 SF
Sold 12/30/2019
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Property Image
SOLD

White Oak Healthcare Finance Acquires Senior Living Property In Boynton Beach For $56M

4733 7th Court Research Road, Greenbelt, MD, USA

See Similar Deals
Other235,172 SF
Sold 12/30/2019
the dealplayerscompscontact
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Summary

MARYLAND
Asset Type:Other
Price Per Square Foot:$238
Total Square Footage:235,172 SF
Transaction Type:Sale

An assisted living senior facility in Boynton Beach has been sold for the price of $56 million. The property, located at 4733 and 4735 Northwest Seventh Court, consists of 317 units and was acquired by WOJV Boynton Beach LLC and White Oak Healthcare Finance. The buyers were represented by Michael Treiber.

Summary of transaction details

  • Property Type: Senior Living
  • Transaction Amount: $56,000,000
  • Address: 4733 and 4735 Northwest Seventh Court, Boynton Beach
  • Market: Boynton Beach

The sale was facilitated by Healthpeak Properties, with Tom Herzog acting as the seller's representative. The transaction represents a significant investment in the growing senior living market in Boynton Beach. The property offers 317 units and was sold at a rate of approximately $177,000 per unit.

Players

Thomas M. Herzog
Healthpeak Properties
Thomas M. Herzog
7 deals$292.4M volume
SELLER

Details

SOLD
IMAGE: Michael Treiber & Tom Herzog DATE: 12/30/2019 ADDRESS: 4733, 4735 Northwest Seventh Court MARKET: Boynton Beach ASSET TYPE: Senior Living SELLER: Healthpeak Properties - Tom Herzog BUYER: WOJV Boynton Beach LLC, White Oak Healthcare Finance - Michael Treiber PRICE: $56,000,000 UNITS: 317 PPU: $177,000

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