Thursday, April 23, 2015

Fortress affiliate buys Palm Beach County retirement home for $24M

Holiday Retirement, a portfolio company of Fortress Investment Group (NYSE: FIG), acquired the Windward Palms independent living facility near Boynton Beach. Boynton Beach Retirement Residence, an affiliate of Seattle-based Hawthorn Management Services, sold the senior center at 8440 S. Military Trail for $24.08 million to SNR 24 Windward Palms Owner, part of Holiday Retirement. The buyer is already featuring Windward Palms on its website. The 118-unit facility was built in 2007 on the 6.3-acre…

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