https://floridamedspace.com/wp-content/uploads/2022/09/ALF-at-6700-W.-Commercial-Blvd.-in-Lauderhill.png 320 760 admin /wp-content/uploads/2020/08/florida-medical-space-logo.png admin2022-09-19 20:25:452022-09-19 20:25:45Broward County Assisted Living Facility Sells For $19 Million
Broward County Assisted Living Facility Sells For $19 Million
The Lenox on the Lake assisted living facility in Lauderhill sold to a Miami company for $19.19 million.
GREA Properties Lauderhill LLC, managed by Matan Ben-Aviv of Hollywood-based Ganot Capital, sold the 127-unit assisted living facility at 6700 W. Commercial Blvd. It was purchased by 6700 W. Commercial LLC, an affiliate of Miami-based RSR Senior Residences.
VNB New York provided a $19.25 million mortgage to the buyer, with the loan covering both the real estate and the costs of operating the business.
The price equated to $151,102 a unit.
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