Berkadia has successfully facilitated the sale of American House Bluewater Bay, a 94-unit independent living community in Niceville, Florida, to a seasoned operator in the senior living sector, highlighting the growing demand for such facilities in the region.

Target Information

Berkadia has successfully finalized the sale of American House Bluewater Bay, a premier 94-unit independent living community located in Niceville, Florida, roughly 10 miles northeast of Destin. This acquisition marks the fourth seniors housing community sold by Berkadia in the Florida panhandle within the last three months, showcasing their strong footprint in the region, which also includes developments in Panama City Beach, Santa Rosa Beach, and Pensacola.

American House Bluewater Bay, constructed in 2015, stands as one of the most recent independent living establishments within the Fort Walton Beach metropolitan area. The property enjoys a strategic location in proximity to Eglin Air Force Base, catering to an affluent senior demographic in a market currently devoid of any new independent living construction. With a robust occupancy rate consistently exceeding 95% at the time of sale, the community presents a highly attractive investment opportunity.

Industry Overview in Florida

The independent living sector has witnessed significant growth in Florida, driven by the state's favorable climate, active lifestyle, and a rapidly aging population. With an influx of retirees and seniors seeking comfortable livin