erkshire Residential Investments has acquired The Preserve at Clearwater, an 82-unit senior housing community in Clearwater, Fla., for $23 million, public records show, Multihousing News reports. The seller was a partnership between Solera Senior Living and Elkco Properties.
According to Pinellas County records, Berkshire secured a $15.2 million agency-backed loan with a variable interest rate for the acquisition. CBRE provided the 10-year financing through Fannie Mae. Read more.
