Continuum Advisors, a national senior housing investment sales and advisory firm, is pleased to announce the sale of The Village at Gainesville, a premier 639-unit senior housing rental community located in Gainesville, Florida.
Regionally anchored by the University of Florida (UF) and the innovative UF Health network, and located directly across from SantaFe College, the 100+ acre campus is considered one of the largest senior housing rental communities in the U.S. The campus features 45 cottages, nine additional residential buildings – six independent-living, one assisted-living and two memory care – and several well-appointed community clubhouses with extensive amenities, with 80 percent of the units dedicated to independent living.
Continuum was exclusively retained to represent the not-for-profit SantaFe Healthcare in the sale of the asset as part of its longer-term business strategy. The firm’s sale process attracted highly competitive bidding from a diverse range of prospective buyers, including institutional private equity firms, REITs, and not-for-profits—all demonstrating the capability to acquire an asset of this scale.
“Generating more than a dozen offers from our buyer network highlights both the exceptional quality of the deal and the broader market’s confidence in senior housing as a core asset class,” said Jay Jordan, co-founder of Continuum Advisors. “The Village at Gainesville’s scale, strong in-place operations, consistent cash flow and attractive assumable HUD debt further underscores this highly sought-after investment opportunity.”
SantaFe Healthcare injected capital expenditures of $3 million annually since 2020, including undertaking a complete renovation of the community’s primary dining and amenities venue. The Village at Gainesville’s strong operational performance was further driven by robust, post-pandemic demand along with its extensive campus transformation.
“After considering several potential buyers across the senior housing spectrum, we placed utmost importance in selecting a well-capitalized owner committed to ongoing property upgrades and continuity of high-quality care for residents deserving a seamless transition,” said Steven Ziegler, CEO & President, SantaFe HealthCare. “Excess proceeds following the sale will also help SantaFe Healthcare to establish a regional healthcare foundation to serve the area.”
This latest transaction comes off the heels of Continuum’s marquee closing of Amavida in July 2024, a newly built Class A senior living community in Fort Myers, where Continuum served as exclusive sell-side representation on behalf of the London-based private equity fund Quadrum Global. The firm’s Co-Founders have closed more than 200 senior housing transactions across the U.S., with more than $200 million currently under contract and expected to close in 2025.
