SLIB Arranges Sale of Assisted Living Communities in South Carolina, Florida

Paradise Care Cottage Paradise Care Cottage

PORT ST. LUCIE, Fla., and SANTEE, S.C. — Senior Living Investment Brokerage has arranged the sale of Paradise Care Cottage in Port St. Lucie and Magnolias of Santee in Santee for undisclosed prices.

The Florida community was constructed in 2000 and currently has 36 units. The buyer plans to implement a 24-unit expansion. The seller was looking to exit operations after relocating out of Florida.

The South Carolina community is a 31-unit assisted living and memory care community constructed in 1999. The buyer is new to South Carolina and intends to update the community.

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