PrivCap’s Donny Cohen 6810 Southwest Seventh Street and 4681 Southwest 66th Avenue (PrivCap, Google Maps)
PrivCap Firms offered a pair of assisted residing facilities in Broward County for a merged $12.7 million.
The Boca Raton-primarily based expenditure agency bought the houses at 6810 Southwest Seventh Road in Margate and at 4681 Southwest 66th Avenue in Davie to entities led by Zalman Skoblo and Zvi Jacobowitz of Brooklyn, in accordance to documents.
John DeMarco and Wesley Suskind of The DeMarco Genuine Estate Team at RE/MAX represented the vendor.
The deal for the 131-mattress portfolio breaks down to $97,000 for every bed.
The two attributes are below the Caring Village brand name and offer memory treatment expert services, in accordance to their web-sites.
PrivCap, led by Donny Cohen, has a portfolio that features multifamily and office properties in the Southeast, as very well as some houses in New Jersey and Kentucky, according to its web page.
In South Florida, the agency has wagered on assisted residing facilities, a wholesome asset course in light-weight of the state’s track record as a retirement mecca. PrivCap compensated $7 million for the Caring Village facility in Margate in 2020.
Last 12 months, PrivCap also dropped $9.7 million for the Midtown Manor assisted dwelling facility at 2001 Polk Road in Hollywood.
Other traders eyeing services for senior citizens involve Bent Philipson, who has targeted on nursing properties. In November, he and Andrew Bronfeld acquired the Signature Healthcare Middle of Waterford at 8333 West Okeechobee Highway in Hialeah Gardens for $43.2 million.
