Platinum Health Care LLC buys Emeritus at Fort Myers

BUYER: PH Fort Myers Realty LLC (principal: Benjamin Klein), Skokie, Ill.
SELLER: HC3 Ft Myers LLC
PROPERTY: 1896 Park Meadows Drive, Fort Myers
PRICE: $2.95 million
PREVIOUS PRICE: $2.72 million, August 2007
LAW FIRM ON DEED: Riddell Williams PS, Seattle

PLANS, DESCRIPTION: Skokie, Ill.-based Platinum Health Care LLC purchased the 38,567-square-foot Emeritus at Fort Myers retirement community for $2.95 million.

The price equated to $36,018 per bed.

Built in 1980, the development features 77 units and 82 total beds. It occupies a 4.08-acre site.

The seller, Emeritus Corp., has owned and operated the senior-housing facility for the past six years.

Prior to its recent acquisitions, Platinum Health Care has primarily owned senior-housing facilities in the Midwest, including in Illinois, Indiana, Ohio, Missouri and Wisconsin. Along with Emeritus at Fort Myers, Platinum Health Care also recently purchased the Beneva Lakes Healthcare and Rehab Center at 741 S. Beneva Road, Sarasota for $3 million.

Prior to the acquisitions, Platinum Health Care managed 26 owned properties and three leased long-term care facilities, according to its website.

The purchase entity, PH Fort Myers Realty LLC, mortgaged the property to Bank Leumi USA for $2.64 million.