GRE Properties Affiliate Buys Fla. ALF for $17.15 Million

A Hollywood, Calif.-based affiliate of GRE Properties recently acquired a Florida senior living facility in a $17.15 million transaction, reports the South Florida Business Journal.

Lenox on the Lake is a 139-unit assisted living community in Lauderhill, Fla. that was sold by a company operating as FTMI Real Estate. Florida Southern Bankruptcy Court records show that FTMI Real Estate, based in Lauderhill, filed for Chapter 11 bankruptcy protection in August 2012. 

Written by Alyssa Gerace