- February 28, 2026
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Senior living facility gets new operator
American House Senior Living Communities has added a property to its already-bulging portfolio. This one is in Fort Myers. The Michigan company has taken over the management of what was formerly known as The Palms of Fort Myers and rebranded it American House The Palms. The community is owned by Ventas Inc., which bought it in January. The Chicago company paid $20.59 million for the property, according to Lee County property records. This is the 14th Ventas property American House operates. Financial terms of the arrangement were not disclosed. At 2674 Winkler Ave., the 218-unit facility is made up of 148 independent living, 47 assisted living and 23 memory care apartments ranging from studio to one- and two-bedrooms. With the addition of The Palms, American House now operates 12 properties in Florida.
Warehouse space sold in multi-propety portfolio deal
Alterra IOS, an investor in industrial outdoor storage space, has bought a 10-property truck terminal portfolio that includes a location in Fort Myers. The company did not disclose what it paid and Lee County property records have not been updated. The portfolio totals 45 acres and includes 445 drive-in doors with more than 238,000 square feet of warehouse space. Nine of the 10 properties are leased to freight carriers. The Fort Myers property is at 2950 Cargo St. It sits on 2.35 acres and has 40 drive-in doors and 21,000 square feet of warehouse space. Drillers Service Inc. is the tenant.
Seattle multifamily investor acquires apartment complex
Niche, a Tampa apartment complex just outside of downtown, has sold. The property was bought by Seattle-based Horizon Realty Advisors from Wingspan Development and ABC Capital Corp. The pair developed the property at 1116 W. Carmen St., just outside the historic Hyde Park neighborhood and near the University of Tampa. The six-story, 251-unit community opened in 2024. The companies did not disclose a sale price, but according to the deed in Hillsborough County records, the land sold for $57 million. This is the second local community Wingspan and ABC built and flipped in recent years. The first was the 192-unit Jade at North Hyde Park on Willow Avenue. It was bought in June 2024 by the San Francisco real estate investment firm Hamilton Zane. County property records show the land sold for $50.8 million. Horizon Realty specializes in multifamily, both conventional and student housing. According to its website, Horizon currently operates 53 properties in 15 states. Four of those — including Niche — are in Florida.
Center built in 1979 sells for $8.25 million
A Tampa shopping center near the University of South Florida has sold. The Fowler Shopping Plaza at 1510-1526 East Fowler Ave. was bought by an investment fund administered by Dallas-based Crow Holdings. Hillsborough County property records show it sold for $8.27 million. The previous owner, CAKK Venture, paid $3.85 million for it in 2007. Built in 1979, the 27,319-square-foot retail center was 96% occupied at the time of sale. According to Colliers, which brokered the sale, the property suffered extensive damage during the 2024 hurricane season and underwent significant renovations. Mike Milano and Nicholas Coccodrilli of Colliers’ Milano & Coccodrilli Retail Investments team represented CAKK in the deal.
Workforce housing community obtains $19M loan
The developers behind a planned Tampa workforce housing community have secured $19 million in mezzanine financing. The loan to Atlanta-based Vista Residential Partners was structured by JLL Capital Markets and issued by Crow Holdings Capital, according to a statement. The community, River Vista, to be built at 4504 Clewis Ave., will have 268 rental units across 10 three-story buildings with 265,096 rentable square feet. It will include one-, two- and three-bedroom units averaging 989 square feet. Vista Residential has the community listed in the future development section of its website but does not give a time frame for the project. JLL’s Brian Gaswirth and Michael Romero represented the Vista Residential.
Recently expanded apartment complex bought for $10M
915 Ariana, an apartment complex in Polk County, has been bought by a Tarpon Springs investor. The 56-unit community on 915 Ariana St. in Lakeland sold for $10 million as part of a 1031 Exchange. The seller is an LLC that had owned the property for about 20 years, according to Colliers, which brokered and announced the deal. State records show the LLC is managed by an individual listed in county property records as the buyer in 2005, John D. Shelburne. Shelburne, records show, paid $660,000. Colliers says the community was originally developed with 20 units in the mid-1980s and expanded in 2024 with the construction of an additional 36 units. At the time, the original buildings were renovated to match the new units. The community sits on a 2.59-acre parcel and is made up of 20 two-bedroom, one-and-one-half-bathroom units and 36 two-bedroom, two-bathroom units. Miles Tombrink and Luis Baez of The Colliers Florida Multifamily Team worked on the deal.
Medical office building sold for $3.6M
A fully occupied medical office building recently sold in east Manatee County, just outside Lakewood Ranch. Sina Holdings II LLC purchased the property at 8614 State Road 70 E. for $3.6 million, according to SVN Commercial Advisory Group, which brokered the deal. The 14,400-square-foot building is within the Ranch Lake office and retail complex just east of Interstate 75. Spanning two stories, the property is fully leased to four medical tenants, including Rubino Periodontics & Implant Dentistry and Bradenton East Integrative Medicine (Innovacare). The seller is Ranch Lake Plaza Inc., which is based at 13225 E. State Road 64, according to Manatee County property records. The company's address corresponds to CounTreeWide Realty, a firm that handles commercial and residential real estate in Manatee and Sarasota counties. The buyer, Sina Holdings II LLC, is based in Sebring and managed by Dr. Bahram Ahmadi, according to Florida business records. The address for the LLC is consistent with Total Gastroenterology, a digestive health network with seven locations in the region where Ahmadi practices as a gastroenterologist. One of its practices is at 8610 State Road 70 E, next door to the newly purchased building. The new owner plans to keep the building at 8614 State Road 70 E. as a long-term investment property, according to a statement.
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