PrivCap Sells Assisted Living Facilities In Margate, Davie

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PrivCap Companies sold a pair of assisted living facilities in Broward County for a combined $12.7 million.

The Boca Raton-based investment firm sold the properties at 6810 Southwest Seventh Street in Margate (pictured above) and at 4681 Southwest 66th Avenue in Davie to entities led by Zalman Skoblo and Zvi Jacobowitz of Brooklyn, according to records.

John DeMarco and Wesley Suskind of The DeMarco Real Estate Group at RE/MAX represented the seller.

The deal for the 131-bed portfolio breaks down to $97,000 per bed.

Both properties are under the Caring Village brand and offer memory care services, according to their websites.

Other investors eyeing facilities for senior residents include Bent Philipson, who has focused on nursing homes. In November, he and Andrew Bronfeld bought the Signature HealthCare Center of Waterford at 8333 West Okeechobee Road in Hialeah Gardens for $43.2 million.

 

Source:  The Real Deal

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