JACKSONVILLE, FL-A senior living community, situated near the junction of Baymeadows Road East and Interstate 295 in Jacksonville, has changed hands for $19 million. The Carlyle Group, a Washington, DC-based asset management company, bought the senior housing property, called Brighton Bay, from a Wells Fargo & Co. subsidiary.
Batey McGraw of Jacksonville Beach's Walchle Lear Multifamily Advisors said that assisted living and senior living communities are a growing division in the multifamily properties. For the full story, go to Jacksonville Business Journal .
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