A group of investors picked up a value-add seniors housing community in Naples, Florida. Built in 1999, North Haven Senior Living features 132 units of assisted living and memory care. It appears that Brookdale Senior Living previously operated the community, which showed very well and did not require much in terms of capex. We understand that occupancy improved significantly during the sale process, as well.
Silver Wave Capital announced the purchase (its sixth overall), along with lead investor Persimmon Ventures and operating partner Senior Living Asset Management, which will take over management of the community. Ten other seniors housing investors participated in the deal, including Kandu Capital. Mike Garbers, Cody Tremper, Ross Sanders and Dave Fasano of Berkadia handled the transaction. No purchase price was disclosed, but we believe the buyers got a good deal. The buyers intend to convert portions of the community to independent living and memory care to offer a full continuum of care.
Source: LevinPro LTC
Original Publication Date: May 8, 2026
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