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Chicago Investor Buys South Florida Assisted Living Facility For $64M

The Arbor at Lake Worth_Photo Credit Yahoo Finance 760x320

The 366,036-square-foot property houses 377 units.

September 12, 2024/by ADMIN

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Lee Health Adds $150M Expansion To New Fort Myers Health Care CampusJune 5, 2025 - 11:10 am
The 53-acre campus, which broke ground in January 2025, is now set to include a four-story, 118,000-square-foot patient tower.
Broward Health Expands Access To Care With Strategic Real Estate Investments And New Medical FacilitiesJune 3, 2025 - 1:50 pm
The health system is set to open two new medical office buildings by 2027, marking its first major construction projects in 25 years.
Orlando Health’s Rockledge Hospital Closure Sparks Combined $1B Hospital Expansion Race In Brevard CountyJune 2, 2025 - 12:39 pm
The closure has created immediate challenges for residents in Central Brevard County, particularly in accessing emergency services.
How A Napkin Sketch Became A Model For Academic Medical PartnershipsMay 29, 2025 - 3:12 pm
This innovative model is now being closely studied by Florida State University (FSU) and leaders in Tallahassee as they explore options for transforming the city’s flagship hospital, Tallahassee Memorial HealthCare (TMH), into an academic medical center.
Health First Plans $230 Million Expansion Of Palm Bay Hospital, Which Could Double CapacityMay 27, 2025 - 5:08 pm
Construction begins in 2026, and the expanded hospital is set to open in 2028. This project marks a major step forward in meeting the healthcare needs of our growing community.
AdventHealth Orlando’s $1 Billion Investment In Main Campus Includes New Medical TowerMay 22, 2025 - 2:34 pm
The new facility, known as the Innovation Tower, will serve as a comprehensive outpatient center, consolidating a wide range of medical services under one roof.
Medical Office/Residential Project Planned In Miami-DadeMay 20, 2025 - 3:28 pm
If approved, the project will feature a six-story medical office building with 78,885 square feet of space and 396 parking spots.
AdventHealth Building $660M Orlando HospitalMay 16, 2025 - 3:41 pm
Construction is expected to begin in mid-2026, with the first phase targeted for completion in early 2030 after a five-year build.
Health Care Providers Including Cleveland Clinic, HCA Florida Expanding Along Treasure CoastMay 5, 2025 - 8:33 pm
Previously, patients faced wait times of up to a year for primary care appointments; however, the new center has reduced this to under 30 days.
Baptist Health Breaks Ground On New Medical Center In Pembroke PinesApril 30, 2025 - 11:20 am
The 60,865-square-foot facility is projected to open in 2027.
Florida’s Healthcare Real Estate Boom: Why Tampa And Orlando Are Leading The WayApril 28, 2025 - 3:38 pm
Florida’s healthcare real estate market is on a remarkable growth trajectory—and it shows no signs of slowing down. With over 300,000 new residents moving to the state in 2024 alone, demand for medical facilities is soaring, particularly in thriving metros like Tampa and Orlando.
A Life Sciences And Health Care Hub Is Growing In The Palm BeachesApril 22, 2025 - 5:56 pm
With over 625 life science companies and nearly 6,000 health care businesses, the sector employs more than 100,000 professionals.
Baptist Health Unveils New Cancer Care Facility In DoralApril 21, 2025 - 6:45 pm
It is the fourth Baptist Health facility in the area, following the 2021 opening of Baptist Health Hospital Doral.
Orlando Health To Invest Over $750 Million In Brevard County ExpansionApril 15, 2025 - 1:00 pm
This investment includes building a new hospital at a yet-to-be-revealed location, opening free-standing emergency departments in the northern, central, and southern parts of the county, and establishing new physician offices.
Welltower Buys Assisted Living Complex In South Florida For $34MApril 9, 2025 - 7:00 pm
Royal Senior Care and MG3 developed the 220-bed facility in 2017.
MOB Trades For Record $577 PSF In Delray BeachApril 7, 2025 - 3:21 pm
Palm Beach County’s medical office market remains a prime choice for investors, driven by strong fundamentals, high occupancy, and rising rents. Medical office properties continue outperforming other asset classes, with a 94% occupancy rate and rents surging 23.5% over the past five years.
Health Care Center Planned In Palm Beach CountyApril 4, 2025 - 1:55 pm
The proposed development will be located on a 5.62-acre plot at 5761 S. Military Trail, just north of Lantana Road.
Florida Orthopaedic Institute Opens New Campus In Heart Of Temple TerraceApril 2, 2025 - 8:43 pm
The institute has transformed a 84,227-square-foot space into a state-of-the-art primary orthopaedic campus, which officially opened on March 31.