PGIM Sells Delray Beach Assisted Living Community for at Least $140M
PGIM Real Estate sold a relatively new assisted living facility in Delray Beach, Fla., for at least $140 million, marking one of the biggest South Florida retirement home sales in recent years. Chevy Chase, Md.-based Artemis Real Estate Partners purchased the 7.2-acre asset,…
PGIM Real Estate sold a relatively new assisted living facility in Delray Beach, Fla., for at least $140 million, marking one of the biggest South Florida retirement home sales in recent years. Chevy Chase, Md.-based Artemis Real Estate Partners purchased the 7.2-acre asset,…
BELLINGS Intelligence Score: 12
Why it matters
The sale of a $140 million assisted living community by PGIM is a sizable real estate transaction but represents routine portfolio management activity without broader market or regulatory impact.
Sources
Commercial Observer
PGIM Sells Delray Beach Assisted Living Community for at Least $140M
PGIM Real Estate sold a relatively new assisted living facility in Delray Beach, Fla., for at least $140 million, marking one of the biggest South Florida retirement home sales in recent years. Chevy Chase, Md.-based Artemis Real Estate Partners purchased the 7.2-acre asset,…