The joint venture between Signature Senior Lifestyle and an affiliate of Heitman will acquire and develop three to four sites that will house premium, private pay senior living schemes comprised of independent, assisted and dementia care apartment home units.
The Miami firm has purchased 550 Biltmore, a 162,293-square-foot, Class A office building in Coral Gables. The deal calculated out to a purchase price of $336-a-square-foot, according to Cushman & Wakefield.
The city has the fourth largest tech talent pool in the country, ahead of San Francisco.
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