{"id":1004124445,"date":"2015-08-03T03:11:26","date_gmt":"2015-08-03T11:11:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356882"},"modified":"2022-03-03T17:47:42","modified_gmt":"2022-03-04T01:47:42","slug":"delaware-reit-grabs-pinellas-county-assisted-living-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/delaware-reit-grabs-pinellas-county-assisted-living-facility\/","title":{"rendered":"Delaware REIT Grabs Pinellas County Assisted Living Facility"},"content":{"rendered":"
\"Bristol<\/a><\/p>\n

Bristol Court<\/p>\n<\/div>\n

One of the largest assisted living facilities in Florida traded hands.<\/p>\n

The 70-unit and 115-bed Bristol Court<\/a> has sold for $8.4 million. Located at 3479 54th Ave. N, in St. Petersburg\u2019s Lealman neighborhood, Bristol Court\u00a0was built in 1960 and it is specialized in memory care. The 35,474-square-foot facility sold for $120,339 per unit\u2014which translates into $73,250 per bed\u2014 and was 89 percent occupied at the time of the sale.<\/p>\n

Bristol Court was specially designed by health care experts to focus on safety and security, while promoting maximum independence. Although most assisted living facilities include a small memory care component, Bristol Court is focused entirely on caring for residents with memory loss due to normal aging, Alzheimer\u2019s disease, or other forms of dementia.<\/p>\n

CTR Partnership LP, a Delaware-based real estate investment trust focusing on senior housing assets, purchased the facility from SPALF Holdings LLC, a Florida-based company that had carried out a series of renovations in 2011. The buyer has also signed a long-term lease with an unnamed memory care operator. Senior Vice President Kenneth Carriero and Associate Vice President Damien Carriero from the National Seniors Housing Group of Colliers International<\/a> brokered the transaction.<\/p>\n

Photo credit: Bristol Court ALF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the largest assisted living facilities in Florida traded hands.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1612],"tags":[],"class_list":["post-1004124445","post","type-post","status-publish","format-standard","hentry","category-latest","category-tampa"],"acf":[],"yoast_head":"\nDelaware REIT Grabs Pinellas County Assisted Living Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/delaware-reit-grabs-pinellas-county-assisted-living-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delaware REIT Grabs Pinellas County Assisted Living Facility\" \/>\n<meta property=\"og:description\" content=\"One of the largest assisted living facilities in Florida traded hands.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/delaware-reit-grabs-pinellas-county-assisted-living-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-03T11:11:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T01:47:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Bristol-Court.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/delaware-reit-grabs-pinellas-county-assisted-living-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/delaware-reit-grabs-pinellas-county-assisted-living-facility\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Delaware REIT Grabs Pinellas County Assisted Living Facility\",\"datePublished\":\"2015-08-03T11:11:26+00:00\",\"dateModified\":\"2022-03-04T01:47:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/delaware-reit-grabs-pinellas-county-assisted-living-facility\\\/\"},\"wordCount\":205,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/delaware-reit-grabs-pinellas-county-assisted-living-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Bristol-Court.jpg\",\"articleSection\":[\"News\",\"Tampa\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/delaware-reit-grabs-pinellas-county-assisted-living-facility\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/delaware-reit-grabs-pinellas-county-assisted-living-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/delaware-reit-grabs-pinellas-county-assisted-living-facility\\\/\",\"name\":\"Delaware REIT Grabs Pinellas County Assisted Living Facility - 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