The two assets changed hands at pricing well above the state average.
Morgan Stanley Investment Management has purchased two senior communities totaling 299 units in the Tampa, Fla., and Orlando, Fla., metro areas, through its Morgan Stanley Real Estate Investing funds.
The portfolio comprises the 193-unit Sonata Lake Mary in Lake Mary, Fla., and the 106-unit The Preserve at Dunedin in Clearwater, Fla., public records show.
AgeWell sold the Lake Mary property for $60 million, while Berkshire Residential Investments sold the Clearwater community for $31.1 million. No acquisition financing was recorded for either transaction…