Investment advisory brokerage firm ARA, headquartered in Atlanta, recently brokered the $85 million sale of The Carlisle Naples, a 350-unit independent and assisted living community located in Naples, Fla.
The seller, Naples Club, LLC, was represented by ARA’s Seniors Housing specialists Ryan Maconachy and Chad Lavender. The community will now be operated by an affiliate Senior Resource Group under a triple-net lease with Ventas, a leading healthcare real estate investment trust.
“The Naples seniors housing market has extremely high barriers to entry and The Carlisle community has been operating at or near 100% occupancy for the past two years while charging top of the market rental rates,” said Maconachy in a statement.
The three-story mid-rise community, built in 1998 and upgraded in 2003, has 257 independent living units and 93 assisted living units.
This is the second part of the ARA Seniors marketed two-property Carlisle Portfolio, which totaled 660 units of IL and AL. The first sale, of Carlisle Palm Beach, was completed in April 2011 and sold for $53 million.
Written by Alyssa Gerace