Senior-housing market has new player

BUYER: Quadrum Global (Quadrum Lakes Park LLC), Miami Beach
SELLER: Beck Group of Ft. Myers LLC
PROPERTY: 7650 Gladiolus Drive and 7210 Congdon Road, Fort Myers
PRICE: $10.75 million
PREVIOUS PRICE: $3 million, June 2004

A billion-dollar private equity and development firm is entering the senior housing market, starting with a flagship location in Fort Myers.

London-based Quadrum Global purchased 32.5 acres on Gladiolus Drive just west of Interstate 75 for $10.75 million. The price equated to $330,769 per acre.