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Cushman & Wakefield Arranges Sale of Independent Living Community in Tampa Submarket

6/9/2020
Cushman & Wakefield’s Tampa-based Senior Housing Team has arranged the sale of The Watermark at Trinity Independent Living, a 117-unit, Class A senior living community located within The Watermark at Trinity campus to Kayne Anderson Real Estate of Boca Raton, Florida.

Watermark at Trinity

The Cushman & Wakefield team led by Allen McMurtry and David Kliewer represented the development group comprised of Walt Chancey of Gulf Coastal Development, Ricky Rookis of Rookis Development and Watermark Retirement Communities, in the sale.

The newly constructed five-story Independent Living building is located at 1960 Blue Fox Way in Trinity, Florida, a high-growth submarket of Tampa, and was sold upon the project obtaining its Certificate of Occupancy. The property is adjacent to a 97-unit Assisted Living and Memory Care building constructed by the same development partnership in 2016.

The Independent Living building offers one- and two-bedroom units ranging from 737 to 1,162 square feet. Amenities include spacious dining venues, a luxury outdoor pool and well-appointed common spaces with high-end finishes. The project featured a leading-edge design by Chancey Architecture and Chancey Interior Design. The Chancey team has partnered with Rookis Development on several other highly successful senior living projects, in addition to numerous other product types throughout the United States.

“The Watermark at Trinity campus was designed and developed by a highly respected and experienced team, in partnership with a best-in-class operator,” said Kliewer. “The sale of the Independent Living building completes a multi-phased transaction which achieved an optimal outcome for all parties. With Watermark continuing to operate both the Independent Living and Assisted Living/Memory Care buildings for the buyer going forward, the campus is well-positioned for future success."

Cushman & Wakefield’s National Senior Housing Capital Markets team has represented a full spectrum of sellers in over 190 transactions across the country since 1986. Located in Tampa, Florida, the team is led by Allen McMurtry, David Kliewer and Jay Jordan.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Cushman & Wakefield Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Americas PR Content Manager • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's Central region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.

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