Broward County Assisted Living Facility Sells For $19 Million

ALF at 6700 W. Commercial Blvd. in Lauderhill

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.


Source:  SFBJ

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