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Lancaster Pollard Negotiates $30.5M Sale of Seniors Housing Community in Central Florida

Built in 1984, CountrySide Lakes in Port Orange, Fla., offers 26 independent living units and 120 assisted living units.

Built in 1984, CountrySide Lakes in Port Orange, Fla., offers 26 independent living units and 120 assisted living units.

PORT ORANGE, FLA. — Lancaster Pollard has arranged the $30.5 million sale of CountrySide Lakes, a 146-unit independent living and assisted living community in Port Orange, approximately 55 miles northeast of Orlando. Shepherd Health, a Miami-based seniors housing developer and operator, purchased the property from a private ownership group. Natasha Ursuy of Fifth Third Bank originated a $24 million acquisition loan for the buyer through the bank. Built in 1984, CountrySide Lakes offers 26 independent living units and 120 assisted living units. The community currently has a waiting list and has averaged 97 percent occupancy since 2013. Chad Elliott and Gerald Swiacki of Lancaster Pollard represented the seller in the deal.

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