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TAMPA, Fla. — Real estate services firm DTZ has arranged the $20 million sale of Arbor Terrace at Citrus Park on behalf of Citrus Park ALF LLC.
The project was pre-sold to Capitol Seniors Housing prior to breaking ground and the transaction closed upon certificate of occupancy. The property is built on 6.34 acres and comprises 52 assisted living, 14 transitional memory care and 26 memory care units.
Arbor Terrace was designed by Tampa architectural firm Chancey Design and developed by a joint venture between Tampa architect/developer Walt Chancey and Rookis Development Company based in Santa Rosa Beach, Fla.
The DTZ team of Allen McMurtry, Megan Fetter and David Kliewer closed the transaction.