Pacifica Cos., a private equity company based in California, has picked up a senior housing property from a publicly-traded REIT in Jacksonville for $21.5 million. The asset, Wyndham Lakes, is a 245-unit assisted living, independent living, and memory care community situated on 14 acres of land at 10660 Old St Augustine Road. The community consists of 12 residential buildings that total 160,970 sqf and features including a library, game room, media room, general store and beauty/barber shop. Over the past three years, the previous owner, a subsidiary of publicly-traded REIT HCP, invested in updates to the resident units, common areas, and building exteriors. Greystone’s Debt and Structured Finance Team, led by Cary Tremper, arranged the acquisition financing through a regional bank.
