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BRADENTON, FL-Seniors housing assets, not always a readily available for-purchase commodity in Central Florida, have, however, attracted three national buyers to this West Central market where a $95-million deal is expected to close around May 31, the joint venture partners confirm in a prepared statement.

Prudential Real Estate Investors of New York, GMAC Commercial Mortgage Bank of Horsham, PA and American Retirement Corp. of Nashville have contracted with locally based Westport Senior Living to acquire the 760-unit Freedom Village of Bradenton for about $125,000 per unit. The GMAC bank is providing about $62 million of senior debt financing, and with Prudential, will have an 80% stake in the property.

ARC, a New York Stock Exchange-traded company, will have a 20% ownership equity and will manage the independent living component of the community. Freedom Village is comprised of 500 independent living retirement apartments, a 120-bed skilled nursing facility and a 140-bed assisted living facility.