Clearwater's TJM Properties sells 15 communities for $200M to Fortress/Holiday

Fortress Investment Group/Holiday, a real estate investment trust specializing in retirement housing, has purchased 14 Florida retirement communities and a single location in North Carolina from Clearwater-based TJM Properties for more than $200 million.

TJM Properties, a company owned by Terence McCarthy, has been accumulating properties since 2001.

The sale included five Gulf Coast properties: Bradenton Oaks and Summerfield Retirement in Bradenton, Bayside Terrace in Pinellas Park, Village Place Retirement in Port Charlotte and Sunset Lake Village in Venice.