The Real Deal Miami

North Miami nursing home trades for $14.8M

Millennium Management acquires Berkshire Manor, gets large loan
September 04, 2014 11:15AM

Berkshire Manor

Berkshire Manor

The Berkshire Manor nursing home in North Miami changed hands for about $14.8 million.

A company tied to Miami-based Millennium Management acquired the two-property site at 1207 and 1255 Northeast 135th Street in a transaction recorded on Wednesday, according to Miami-Dade County records. In a sign of potential expansion or improvement plans for the Berkshire Manor campus, Millennium received a $16.7 million loan from Regions Bank. The 267-bed facility was constructed between 1965 and 1969.

The seller is AP2012 Berkshire Manor of North Miami. The company paid $5.15 million for the properties in November 2012. — Eric Kalis