Health Wave Partners Acquires 134-unit Community In South Florida
WELLINGTON, Fla. — Health Wave Partners has acquired Alamar Senior Living, a 134-unit assisted living and memory care community in Wellington. The property was 96 percent occupied at the time of sale.
AgeWell Senior Living will continue to manage the property on behalf of Health Wave. Amenities at the community include a fitness center, movie theater, beauty salon, bistro, billiards room, dog park and secure memory care courtyard. An improvement program was recently implemented at the property, including renovations to resident units, common areas, furnishings and outdoor amenities.
“Alamar is an exceptional community in one of South Florida’s most attractive senior housing markets and exemplifies the type of high-quality assets we seek to acquire alongside best-in-class operating partners,” says Philip Kayden, chief investment officer of Health Wave Partners.
JLL Capital Markets arranged the transaction. JLL also secured acquisition financing through Synovus Bank on behalf of Health Wave.
The post Health Wave Partners Acquires 134-Unit Community in South Florida appeared first on Seniors Housing Business.
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