A 5.29-acre property on Mercy Drive that’s been housing a 120-bed nursing facility since 1983 just changed hands for $38.4 million, and the buyer is tied to one of the country’s biggest healthcare real estate investors. The deal closed with an Oct. 30 deed, but the paperwork doesn’t say who will actually run the Courtyards of Orlando Care Center and Rehab now that new ownership is in place.
According to GrowthSpotter, an entity called 1900 Mercy Dr Propco LLC acquired the site from EZT TIC LLC, MF Group LLC and ORRE LLC. Florida business filings connect the buyer to Welltower, a publicly traded real estate investment trust based in Toledo, Ohio. The facility itself — which provides recovery help for fractures and joint replacements — sits in a 32,344-square-foot building, with a separate 1,500-square-foot warehouse also on the property.
A Facility Running Nearly Full
Occupancy numbers help explain why the property drew that kind of price tag. Courtyards of Orlando Care Center was about 97% occupied during the latest year of state reporting, outpacing both Orange County and Florida as a whole, the outlet’s report notes. That’s a notable jump from the 87.99% occupancy AHCA recorded for the facility in the 12 months ending June 30, 2022, according to a Florida Agency for Health Care Administration document.
The site has also seen some recent upkeep: fire-alarm and electrical permits were issued in 2026, and roofing work was completed in 2025, per the same GrowthSpotter account. Courtyards Nursing and Rehab LLC has held the facility’s operating license since August 2023, and that license lists capacity at 120 beds. The sale documents do not specify what happens to that operating arrangement going forward, and Welltower has said it generally leases its properties to tenants rather than managing them directly.
Welltower’s Florida Buying Spree
This single Orlando deal is a small piece of a much larger pattern. Welltower reported acquiring 78 skilled nursing facilities for about $1.76 billion during the first nine months of 2026 alone, according to its third-quarter Securities and Exchange Commission filing cited in the report. It leased those 78 properties to Avir Health Group under long-term agreements — the same hands-off landlord model it’s expected to follow elsewhere. That pace builds on a 2025 in which the firm acquired 130 skilled nursing facilities for roughly $2.47 billion nationwide…