Cushman & Wakefield Negotiates $27.5M Sale of 223-Unit St. Augustine Senior Community

10/29/17

Westminster St. Augustine

Cushman & Wakefield announced today that it has negotiated the sale of Glenmoor, a 223-unit senior living community in the World Golf Village.

Based in Cushman & Wakefield’s Tampa office, Executive Director Allen McMurtry, Senior Director Paul Carr, Senior Director David Kliewer and Senior Director Megan Fetter represented Life Care St. John’s Inc., an affiliate of Ponta Vedra Beach, FL-based Life Care Pastoral Services, Inc., in the disposition. Orlando, FL-based Westminster Communities of Florida acquired the asset for $27.5 million. The property will be renamed Westminster St. Augustine.

Westminster St. Augustine was developed in 2001 on a ±40-acre campus at 235 Towerview Drive in St. Augustine’s World Golf Village. The property’s 223 total units comprise 87 cottage homes, 70 independent living apartments, 36 assisted living units and 30 skilled nursing units.

Community amenities include a clubhouse, heated outdoor lap pool, putting green, bocce court, pub and fitness center. Residents enjoy special benefits at World Golf Village, including access to two world-class golf courses, a swimming pool, a fitness center and social areas.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.

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