Welltower pays at least $49.1M for Miramar nursing home

For South Florida, it is another sign that the biggest senior-housing owner is still adding Broward and Palm Beach assets, this time in skilled care rather than independent living.

The numbers

The building holds 120 beds across 86,009 square feet on 3.7 acres at 15955 Bass Creek Road, near Southwest 160th Avenue, just west of Interstate 75. At the reported floor, the price works out to just over $409,000 per bed.

Commercial Observer says Welltower has spent just under $170 million in South Florida since last year, on a 141-unit complex in Aventura, a 22-acre site in Lake Worth and a 220-bed facility in Davie. In February it sold a five-property Palm Beach County portfolio for $81 million. The company’s portfolio spans more than 2,500 facilities across the U.S., the UK and Canada.

Record status: we have not yet confirmed the deed or the recorded price against the Broward County Property Appraiser or Official Records. Treat $49.1 million as the outlet’s reported minimum, not a verified consideration. The outlet did not name a broker or any financing.

What’s next

We have queued the Miramar parcel for a records pull. Once the deed posts, the recorded consideration and the buyer entity will show whether the price includes operations or real estate alone, and whether a mortgage was filed alongside it.

Watch for a Welltower filing or comment confirming the deal and for whether the operator changes at the facility.