TL Mgmt Buys Heron House for $109M


TL Management acquired the Heron House assisted living facility at 2050 E. Bay Dr. in Largo, FL from Indian Rocks Assisted Living, Inc. for $10.9 million, or about $87,200 per unit. The 69,659-square-foot facility is comprised of 128 units with 145 beds on 3.5 acres in Pinellas County. Built in 2006, amenities include a 30-seat theatre, a beauty salon and barbershop, an outdoor courtyard, and a spacious gathering room for social activities. Ken...

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