Tampa-based team exceeds $1.4 billion in national distressed transactions, latest closing highlights firm’s specialty in executing complex deals that maximize value
TAMPA, March 31, 2025 – Continuum Advisors (“Continuum”), a national senior housing investment sales and advisory firm based in Tampa, today announced the sale of a five-property senior living portfolio in Florida, with rental communities in key markets across central and northern Florida.
Spanning major regional metros from Orlando and Tampa to the Florida panhandle, the five properties are situated in coastal and inland areas, comprising 340 total senior housing units (74 assisted living and 266 memory care). The portfolio includes:
· Superior Residences of Clermont, a 114-unit AL and MC community in the Orlando MSA
· Superior Residences of Cala Hills, a 60-unit MC facility in Ocala
· Superior Residences of Brandon, a 46-unit MC facility just east of Tampa
· Superior Residences of Lecanto, a 60-unit MC facility along Florida’s northwest central coast
· Superior Residences of Niceville, a 90-unit MC facility in Florida’s ‘panhandle’
Continuum Advisors was exclusively retained by Healthcare Management Partners (“HMP”) to lead a comprehensive marketing and sales campaign for the senior housing portfolio under a court-directed receivership. Through its structured sales process, Continuum provided potential buyers the flexibility to acquire assets as a single portfolio or as individual properties of interest.
Co-Founders David Kliewer and Jay Jordan successfully facilitated the transactions, securing three separate buyers for the five communities. Due diligence and contract negotiations were conducted concurrently, culminating in all three sales closing simultaneously on March 31, 2025.
“Facilitating a multi-buyer transaction across five properties in receivership requires a highly structured sales process,” said Jay Jordan, Co-Founder of Continuum Advisors. “Our team placed the utmost importance in maximizing value, while ensuring a smooth transition for all stakeholders involved.”
The portfolio was originally acquired in 2018 by a Texas-based not-for-profit, which later defaulted on its debt obligations. Derek Pierce of HMP was appointed by the Court as Receiver, with responsibilities expanding to include portfolio operations and management of the sale. Under HMP’s oversight, occupancy grew by more than 35%, and the Lecanto community achieved certification from the non-profit Joint Commission in healthcare standards—only the second community in Florida to receive this designation.
The portfolio’s 20-year-old properties are well-positioned for a value-add play as the new owners plan to implement capital improvements, enhance operations and drive occupancy across each community.
“The ability to convert memory care units into assisted living presented an especially compelling repositioning opportunity as demand for assisted living accelerates across the seniors-rich state of Florida,” added Co-Founder David Kliewer.
Kliewer and Jordan continue to reinforce their position as leaders in Florida’s senior housing market, having closed nearly $1 billion in career sales in the Sunshine state alone, with 20 communities sold since 2020. Continuum Advisors’ robust national transaction pipeline currently includes more than $200 million expected to close throughout 2025.
The firm has also earned national recognition, ranking among SeniorCare Investor’s ‘Top 5’ senior housing brokerages by average deal size in 2024 and securing a spot as a ‘Top 15’ national multifamily brokerage (which includes senior housing) in Real Estate Alert’s 2024 rankings.
Since 2001, the team has successfully closed more than 200 transactions across the U.S., including more than $1.4 billion in highly complex, court-directed / distressed sales.
About Continuum Advisors
Continuum Advisors is a premier brokerage and advisory firm dedicated exclusively to representing sellers of senior housing communities across the U.S. Based in Tampa, Florida, Continuum Advisors was co-founded by industry veterans David Kliewer and Jay Jordan, who previously co-headed senior housing investment sales at Truist’s Grandbridge Real Estate Capital (NYSE: TFC) and held senior roles at Cushman & Wakefield (NYSE: CWK).
The firm delivers award-winning service and trusted expertise, serving a diverse range of clients including publicly traded and private institutional investors, operators, developers, and non-profits. Continuum Advisors also specializes in highly complex transactions, particularly in bankruptcy sales, receiverships, and other distressed situations, with more than $1.4 billion in distressed sales closed.
Continuum Advisors ranked in SeniorCare Investor’s ‘Top 5’ senior housing brokerages by average deal size in 2024 and placed in Real Estate Alert’s ‘Top 15’ national multifamily brokerage rankings in 2024. Since 2001, the team has successfully closed 200 transactions across 35 states spanning independent living, assisted living, memory care, with an average transaction size of $40-$50 million.
Discover how Continuum Advisors can navigate your most challenging senior housing transactions with precision and expertise. Visit continuum-adv.com to learn more.
About Healthcare Management Partners
HMP is a healthcare restructuring consulting firm focused on improving the operational performance of distressed providers inside or outside of structured reorganizations. With an acute focus on senior living, HMP’s senior executives come from the industry and possess deep clinical, operational, and financial experience. To learn more, visit www.hcmpllc.com.
HMP serves in various roles—including operators, managers, restructuring officers, receivers, asset managers, and consultants—across the United States, addressing diverse challenges in the healthcare sector. Over the past ten years, HMP has served as receiver in more than 25 receivership proceedings over senior living facilities, often managing the operations of the facilities while in receivership.
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