NAPLES, FL - Atlanta-headquartered ARA, the largest privately held, full- service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, brokered the $85,000,000 sale of The Carlisle Naples, a 350-unit independent and assisted living community located in Naples, Florida in Collier County.
ARA’s Seniors Housing specialists Ryan Maconachy and Chad Lavender represented Naples Club, LLC in the sale of the asset. Going forward, the community will be operated by an affiliate Senior Resource Group under a triple-net lease with a leading healthcare real estate investment trust (REIT).
The three-story mid-rise community has 257 independent living units and 93 assisted living units. Built in 1998, and upgraded in 2003, it is one of the premier seniors housing communities in Florida with an upscale amenity package and lavish interiors that exceed any competitive project in the area.
“This was an ideal fit for the buyer in that The Carlisle Naples is a Class A+ asset in a very strong seniors housing market” says Ryan Maconachy of ARA National Seniors. “The Naples seniors housing market has extremely high barriers to entry and The Carlisle community has been operating at or near 100% occupancy for the past two years while charging top of the market rental rates.”
This is the second part of the ARA Seniors marketed two property Carlisle Portfolio, which totaled 660 units of IL/AL. The Carlisle Palm Beach sale was completed in April 2011 and sold for $53,000,000.
The local licensed broker was ARA’s Florida office which is based in Boca Raton, FL.
To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Ryan Maconachy at rmaconachy@ARAusa.com or 214.420.3110.
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace has resulted in average annual production volume of $5.5 billion in real estate transactions since 2005. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com