Wellington nursing facility trades in sale-leaseback deal

NuVista Living at Wellington Green
NuVista Living at Wellington Green

The NuVista Living at Wellington Green community in Palm Beach County changed hands for about $41 million in a sale-leaseback.

A New York company tied to American Realty Capital Healthcare Trust acquired the 10330 NuVista Avenue facility in a transaction recorded on Wednesday, according to Palm Beach County records. The real estate investment trust already owns the Aventura Medical Plaza. No financing was recorded.

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Chatsworth Real Estate Investors of Wellington is the seller. The company paid $483,381 for the 2.4-acre property in May 2009 and opened the 172-bed facility two years later.

As part of the deal, the buying company and Chatsworth agreed to a 15-year lease with three renewal options at five years apiece. — Eric Kalis