Emerald Group and Infinite Care have acquired two senior rehabilitation centers in South Florida for a total of $29 million. The purchase includes the Tamarac Rehabilitation and Health Center, a 120-bed facility located at 7901 Northwest 88th Avenue in Tamarac, and the Pinecrest Rehabilitation Center, a 100-bed facility at 13650 Northeast Third Court in North Miami.
Both transactions were led by Yisroel Herzka, an investor based in Lakewood, New Jersey, with ties to both Emerald and Infinite Care. Records indicate that the Tamarac property is a single-story building spanning 38,200 square feet on a 3.8-acre lot. The North Miami center is also a one-story structure with 30,400 square feet situated on a 2.4-acre site.
The seller for both properties was NuVision Management, which operates out of Fort Lauderdale and consults for long-term care providers specializing in geriatric and pediatric services. According to records from Vizzda, the buyers secured a $46.6 million loan from Valley Bank that is cross-collateralized with other Emerald and Infinite Care assets.
Tamarac Rehabilitation offers skilled nursing and rehabilitation services primarily to patients recovering from strokes or bone fractures. Pinecrest Rehabilitation provides post-hospital care as well as skilled nursing and rehabilitation for conditions such as pneumonia, heart issues, fractures, joint replacements, strokes, Parkinson’s disease, and cancer-related diagnoses.
Senior care facilities in South Florida have seen sporadic sales activity but remain relatively stable compared to other real estate sectors due to ongoing demand driven by retirees moving to the state. This has supported continued interest in assisted living, memory care, skilled nursing facilities, and rehabilitation centers.
Recent notable transactions include Welltower’s acquisition of Oakmonte Village of Davie—a 220-bed assisted and independent living facility—for $34.3 million; Garden Healthcare’s $24 million purchase of Eastridge at Cutler Bay; and Leo Friedman’s acquisition of Abbey Delray senior living facility for $30 million.
