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Denver-based REIT sells independent, assisted units.


AIMCO AIMCO Apartment Investment Management Company (Columbus, OH)  Properties, a Denver-based national apartment real estate investment trust, has sold tow buildings and a home health agency in Florida for $69.6 million. The purchaser was Classic Residence by Hyatt.

Built in 1990, Casa Del Mar The Casa Del Mar (also known as the Thomas Case House) is a historic home in Sarasota, Florida. It is located at 25 South Washington Drive. On February 14, 1997, it was added to the U.S. National Register of Historic Places. , a Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s.  community with 154 independent living and 60 assisted living as·sist·ed living
n.
A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication.
 units, was sold for $31.4 million.

Hamilton House & The Inn, which was built in 1989, consists of 211 independent and 60 assisted living units. The Plantation Florida, property went for $34.7 million.

Finally, Preferred Home Health, a home health agency, was sold for $3.5 million. It will service both Casa Del Mar and Hamilton House & The Inn.
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Article Details
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Author:ADLER, SAM
Publication:Contemporary Long Term Care
Date:Feb 1, 2000
Words:110
Previous Article:Senior Care Group buys Florida SNF, ALF.
Next Article:Westport Senior Living buys two Florida CCRCs.



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