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News Release: Cushman & Wakefield Senior Housing completes the first of three Florida skilled nursing property sales totaling $118 million

TAMPA, FL, Jan. 11, 2021 –– Cushman & Wakefield announced today that the real estate services firm has completed the sale of Lutz Healthcare and Rehab, a 120-bed skilled nursing facility built in 2011, which is located in Lutz, a suburb in Hillsborough County within the Greater Tampa Bay MSA in Florida. The closing represents the first of three strategically planned skilled nursing property sales in Florida by Healthcare Trust, Inc. for $118 million.

“This property is a recently constructed, high performing skilled nursing facility with remaining upside in a growing location and an attractive quality mix,” said Aaron Rosenzweig, managing director at Cushman & Wakefield. “We were proud to execute on behalf of the seller and look forward to closing the rest of the portfolio.”

The seller, Healthcare Trust, Inc is a public, non-traded real estate investment trust based in New York. A growing regional owner/operator acquired the community after a competitive process spearheaded by the Cushman & Wakefield team of Vice Chairman Richard Swartz, Executive Managing Director Jay Wagner, Managing Director Aaron Rosenzweig, and Directors Dan Baker and Sam Dylag.

About Healthcare Trust Inc

Healthcare Trust, Inc. is a non-traded real estate investment trust which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Cushman & Wakefield’s National Senior Housing Capital Markets team was established in 2011 and advises top institutional owners, developers and operators on equity, debt and investment sales throughout the United States. Located in Boston and Southern California, the team is led by Rick Swartz and Jay Wagner and includes a total of 12 professionals. The team is consistently ranked amongst the top senior housing brokerage groups in transaction value and has executed on greater than $8 billion in transactions.

 

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