(To read more on the multifamily market, click here.)
BRADENTON, FL-Seniors housing assets, not always a readilyavailable for-purchase commodity in Central Florida, have, however,attracted three national buyers to this West Central market where a$95-million deal is expected to close around May 31, the jointventure partners confirm in a prepared statement.
Prudential Real Estate Investors of New York, GMAC CommercialMortgage Bank of Horsham, PA and American Retirement Corp. ofNashville have contracted with locally based Westport Senior Livingto acquire the 760-unit Freedom Village of Bradenton for about$125,000 per unit. The GMAC bank is providing about $62 million ofsenior debt financing, and with Prudential, will have an 80% stakein the property.
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