Wellington Bay Update 01/22/25

AEW Capital Management Acquires Senior Living Community for $100.125 Million

 

 

AEW Capital Management has Wellington Bay, a luxury senior living community in Wellington Florida near West Palm Beach, for $100.125 million. The property was sold by ZRS Management and AEW Capital will assume the seller’s $81.73 million mortgage with Capital One. Wellington Bay features a combined 424 beds among 224 independent living, assisted living and memory care units. Amenities include a club room with bar, billiards and poker tables, media and multi-purpose room, casual dining, bar/pub, fine dining, patio bar and dining, indoor pool and hot tub, outdoor pool, yoga and exercise room, putting green, pickleball court, and small fishing ponds. The community, built in 2022, is located on a 36.1-acre site near Wellington Mall.

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