Oct. 11, 2021
BOCA RATON – Boca Raton partner David Itskovich recently represented Florida senior living company Gold Standard of Care in its acquisition financing of an assisted living and nursing home facility in West Palm Beach for $14 million, marking the continuing strength of senior healthcare real estate in Florida.
The Fort Lauderdale-based firm bought the property at 2090 North Congress Avenue from the Tennessee-based real estate investment trust National Health Investors. The single building has 144 beds.
Gold Standard, founded in 2008, focuses its portfolio on buying underperforming assets and bringing up their value, and it also builds new facilities, according to its website. This is its eighth South Florida property.
Established in 1897, Nelson Mullins has more than 800 attorneys and government relations professionals with offices in 11 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.
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