CLEARWATER, Fla. — A joint venture between affiliates of Solera Senior Living LLC and Elkco Properties Inc. has purchased Inn on the Pond, an 80-unit assisted living and memory care community in the coastal Tampa suburb of Clearwater.
The community was built in 2012 and will be rebranded as The Preserve at Clearwater. The buyers funded the acquisition with a combination of equity and a bridge loan from a commercial bank.
Ashley Wilkens and Dan Revie at Ziegler Healthcare Finance represented the seller in the deal, Menorah Manor Inc. The price was not disclosed.
Solera Senior Living is a seniors housing operator and investor founded in 2016. Elkco is a development and management company with investments throughout the commercial real estate spectrum.