Artemis drops $140M for assisted-living center in one of South Florida’s biggest ALF deals
An assisted-living facility near Delray Beach traded for $140 million, marking one of the top trades for senior centers in South Florida in recent years. Chevy Chase, Maryland-based Artemis Real Estate Partners bought the 207-unit The Arbor at Delray complex at 6595 Morikami Park Road in unincorporated Palm Beach County from Newark, New Jersey-based PGIM Real Estate, according to records and real estate database Vizzda. The deal breaks down to $676,329 per door. Artemis, an investment manager, is led by Deborah Harmon and Alex Gilbert. The Arbor consists of a four-story building spanning 225,000 square feet completed in 2023 on […]This article originally appeared on The Real Deal. Click here to read the full story.
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