AEW Capital Acquires Independent and Assisted Living Property in Florida

Affiliates of Senior Lifestyle Corporation and AEW Capital Management, L.P. (AEW) announced the acquisition the Carlisle Palm Beach, an in independet and assisted living community in Florida.

The acquisition is the sixth Florida based location it manages and one of 85 properties across the country. AEW acquired the property on behalf of AEW Senior Housing Investors, LP.

“The Carlisle Palm Beach is an excellent addition to our family of communities,” said Jon DeLuca, Chief Executive Officer. “The community is prominently located steps from the ocean with great views and extensive amenity space that reflects the exceptional lifestyle we are committed to offering our residents.”

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Opened in 1999 and located just south of Palm Beach, the property features 250 independent living apartments and 60 assisted living and extended congregate care residences. Amenities include two dining rooms, a bistro, game rooms, cinema, salon, spa, fitness center, nine-hole putting green and art studio, as well as valet parking and dog-walking services.

“We plan on beginning interior and exterior capital improvements to the property that are largely cosmetic in nature,” said DeLuca. “At the same time, we will introduce our signature hospitality-focused service, dedicated care and wellness activities to enhance the experience of The Carlisle’s residents.”

“We are also excited about working with our new joint venture partner AEW,” added DeLuca. “AEW has been great to work with and shares our passion for providing the highest quality care and high-end services to our residents.”

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