Clearwater Skilled Nursing Facility Sells for $27.8M
The 120-bed Advanced Care Center and Rehab at 401 Fairwood Ave in Clearwater sold for $27.8 million to a Welltower-affiliated entity.
The Advanced Care Center and Rehab, a 120-bed skilled nursing facility at 401 Fairwood Ave in Clearwater, sold for $27,787,574.
Seller EZT TIC LLC, led by David Katz of Brooklyn-based TL Management, transferred the deed to 401 Fairwood Ave Propco LLC, an entity tied to Welltower, the Toledo, Ohio-based real estate investment trust.
The facility has operated under an Advanced Nursing and Rehab license since July 27, 2022. The transaction covers the existing building only, with no new construction or redevelopment.
The sale is part of a broader 2026 portfolio deal in which EZT TIC LLC and MF Group LLC sold Florida nursing home properties to Welltower-affiliated Propco entities.
- Address
- 401 Fairwood Ave, Clearwater, FL 33759
- Units
- 120
- Sq ft
- 34,636
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