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REO Senior Housing Asset Getting New Life

MIAMI—There were multiple offers on the bank-owned healthcare real estate. Find out what drove the bidding.

By Jennifer LeClaire | Updated on January 03, 2014

MIAMI—The Sebring Assisted Living, a former 12,090-square-foot senior housing property in Sebring, FL, has traded hands. The senior housing facility sold for $415,000.

Krone Weidler, an associate vice president investments in Marcus & Millichap‘s Tampa office, had the exclusive listing to market the property on behalf of the seller, a financial institution. Weidler also secured the buyer of the property, a limited liability company from Winter Haven, FL.

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