Carlyle Sells Pompano Beach's Palm-Aire Senior Housing to Meridian

Carlyle Group has sold The Preserve at Palm-Aire, a 190-bed seniors housing community in Pompano Beach, to Meridian Senior Living for $32.24 million, or $169,684 per bed, according to Commercial Real Estate Direct. The deal closes out a private-equity hold in a Broward County submarket where occupancy has lagged the rest of the country.

Why it matters

A $169,684-per-bed exit is a useful marker for what institutional sellers can actually get for stabilized seniors housing in South Florida right now, and it lands well under the per-unit pricing common in newer, purpose-built Miami-Dade product. That gap matters for developers scouting the sector: a private-equity firm taking a moderate exit on an existing Broward asset, rather than holding for a richer multiple, is a signal that buyers are still pricing in slower lease-up and higher staffing costs across the market, not a bidding war. For a persistently underbuilt category of senior housing in Broward, it also underscores that the next opportunity may be less about new ground-up towers and more about acquiring and repositioning existing communities at a discount. Read more from our South Florida market coverage.

The numbers

The Preserve at Palm-Aire’s 190 beds sold for $32.24 million, working out to $169,684 per bed. That trade comes as Miami-market seniors housing occupancy sat at 86.2% in the first quarter of 2026, according to NIC MAP data, trailing the 89.5% national average even as the industry posted its 19th consecutive quarter of rising occupancy. A below-average occupancy rate in the market where this deal closed helps explain why the per-bed price landed where it did rather than at the premiums seen in tighter coastal submarkets.

What’s next

Meridian Senior Living now owns and will operate the Palm-Aire community, betting it can push occupancy and rents toward the healthier levels other primary markets are already reporting. With Miami-market fundamentals still catching up to the national recovery, expect more of these PE-to-operator trades in Broward and Palm Beach as sellers who bought seniors housing pre-pandemic look for exits, and as buyers weigh whether repositioning an existing facility beats the cost and lease-up risk of building new.