Cushman & Wakefield announced today that the real estate services firm has completed the sale of Lutz Healthcare and Rehab, a 120-bed skilled nursing facility built in 2011, which is located in Lutz, a suburb in Hillsborough County within the Greater Tampa Bay MSA in Florida. The closing represents the first of three strategically planned skilled nursing property sales in Florida by Healthcare Trust, Inc. for $118 million.
“This property is a recently constructed, high performing skilled nursing facility with remaining upside in a growing location and an attractive quality mix,” said Aaron Rosenzweig, managing director at Cushman & Wakefield. “We were proud to execute on behalf of the seller and look forward to closing the rest of the portfolio.”
The seller, Healthcare Trust, Inc is a public, non-traded real estate investment trust based in New York. A growing regional owner/operator acquired the community after a competitive process spearheaded by the Cushman & Wakefield team of Vice Chairman Richard Swartz, Executive Managing Director Jay Wagner, Managing Director Aaron Rosenzweig, and Directors Dan Baker and Sam Dylag.