Your free article limit has been reached this month.

Clearwater firm buys five senior living facilities decade after exiting sector

Ten years later, TJM Properties again seizes an opportunity to cash in on senior living facilities, this time as a buyer.

By Louis Llovio
| 5:00 a.m. September 27, 2023
| 0 Free Articles Remaining!

TJM Properties bought Bayside Terrace in Pinellas Park in February, the first of five purchases this year.

Tampa Bay-Lakeland

Just a bit over 10 years ago, in August 2013, TJM Properties made an announcement. It was selling 15 of its senior living communities.

The decision, at the time, was part of the Clearwater firm’s move away from the segment and into hotels.

Your Business News. Your Way.

Subscribe today. Cancel anytime.

BEST VALUE

Annual Subscription

^$75

What's included:

✓ Unlimited digital access to BusinessObserverFL.com
✓ E-Newspaper app, digital replica of print edition
✓ Mailed print newspaper every Friday (optional)
✓ Newsletter of daily business news

Select

Cancel anytime

Monthly Subscription

^$6⁹⁹

What's included:

✓ Unlimited digital access to BusinessObserverFL.com
✓ E-Newspaper app, digital replica of print edition
✓ Mailed print newspaper every Friday (optional)
✓ Newsletter of daily business news

Select

Cancel anytime

Introductory Offer

^$1

$1 per week for 1 year. Billed as $4 every 4 weeks

What's included:

✓ Unlimited digital access to BusinessObserverFL.com
✓ E-Newspaper app, digital replica of print edition
✓ Mailed print newspaper every Friday (optional)
✓ Newsletter of daily business news

Select

Cancel anytime
Offer valid for new subscribers only.

e-Newspaper App

Our new easy-to-use e-Newspaper is a digital replica of the print edition. Scroll through the pages on your laptop, smartphone or tablet.

Already a subscriber?

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.