The Irvine, California-based firm specializing in medical deals bought the 3-acre outpatient center site.
The Brentwood, Tennessee-based company bought the property at 2855 West Commercial Boulevard from an affiliate of Denver-based Healthpeak Properties, records show.
Belmont Village Coral Gables is expected to open in spring 2023.
Under the proposed site plan, the assisted living facility would total 135,238 square feet in three stories. It would have 120 units, with 128 beds.
KS Lake Worth submitted a preliminary site plan to the county showcasing a 196,970-square-foot project.