Broward assisted living facility sells for $20M, more than double previous trade

Assisted living entrepreneur Jorge Carmenate sold a Broward County group home for more than double what he paid two years ago, underscoring investor interest in South Florida senior housing assets.  Miami Lakes-based My Summit Holdings, managed by Mirvian Rodriguez, paid $20 million for Colonial Assisted Living, a 35,546-square-foot facility with 68 units at 2801 Northwest 55th Avenue in Lauderhill, records and real estate database Vizzda show. The buyer obtained $16.8 million in financing split in two loans from U.S. Century Bank. The deal breaks down to $562 per square foot.  In 2024, Cermenate’s Golden Age Health Center, which also operates […]This article originally appeared on The Real Deal. Click here to read the full story.