The CRA’s advisory board recommended the funding in a 6-4 vote. Final approval would rest with the Fort Lauderdale City Commission acting as the CRA’s governing board.
The transaction equates to approximately $676,000 per unit, placing the transaction among the region’s more significant recent assisted-living sales.
As healthcare providers continue to expand across Florida, some of the most interesting opportunities in medical real estate may not involve new construction at all.
At approximately $470 per square foot, the Gateway Medical Plaza transaction illustrates the premium investors may place on newer medical facilities with significant occupancy already in place.
Strong occupancy, rising demand for outpatient care and South Florida’s expanding population are reinforcing medical office properties as an attractive option for investors seeking durable real estate fundamentals.