Fortress snags significant Senior Housing Asset, 639-unit The Village at Gainesville

Fortress Investment Group, through funds managed by its affiliates, has acquired The Village at Gainesville, a 639-unit senior housing community located in Gainesville, Fla. As part of the deal, the buyer assumed the in-place financing, which at the time of origination in 2021 was said to be the biggest healthcare 232(a)(7) loan in HUD’s history, totaling $94.3 million.

The previous owner was the not-for-profit SanteFe Healthcare, which owns and operates several senior housing communities in Central and South Florida. A sale price was not disclosed.

Fortress Investment Group (NYSE: FIG)
Eli Edwards | Managing Director, Acquisitions

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