Graham Capital Management sells senior living development near West Palm Beach to Kayne Anderson Real Estate Advisors – South Florida Business Journal

Graham Capital Management sells senior living development near West Palm Beach to Kayne Anderson Real Estate Advisors – South Florida Business Journal

Kayne Anderson Real Estate Advisors acquired a senior living development site in the Vista Center business park near West Palm Beach for $6.21 million.

Vista Center Parcel 6 LLC, an affiliate of Rowayton, Connecticut-based Graham Capital Management, sold the 20.4-acre vacant site at 2810 Vista Parkway to West Palm Beach Senior Housing I Propco, an affiliate of Boca Raton-based Kayne Anderson Real Estate Advisors.

The property last traded for $6.9 million in 2015. It’s also near the Emerald Dunes golf course.

As previously reported, Graham Capital Management filed an application to rezone the property for a congregate living facility. The site plan was approved for 349 beds of independent living, assisted living and memory care. There would be seven buildings, ranging from two to three stories.

Nursing Homes

Ranked by No. of beds

Rank Nursing Home No. of beds 1 Miami Jewish Health Systems 438 2 Sunrise Health & Rehabilitation Center 375 3 Joseph L. Morse Health Center 310 View This List

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