Property worksheet

Published closed sale at $100,000 per unit and about $106/SF; identified as a LIHTC 65+ senior living community.

Closest located closed sale matching the subject's age restriction, income restriction, apartment use and approximate unit/building scale.

Beneva Oaks sold for $3.1 million. Unit mix was 20 one-bedroom and 20 two-bedroom apartments; source publication did not state the exact closing date or gross building area.

Nearby Sarasota affordable apartment sale with a similar institutional subsidy structure and smaller but useful scale; not expressly age-restricted senior housing.

JDI Realty reported financing a local investor's acquisition with a $9.5 million loan. The loan amount is not treated as the sale price, which was not disclosed.

Exact Bradenton market and nearly identical 77-unit scale; historical independent-living use is close, although the property was being converted to all-age housing.

Published senior-housing transaction at $8.25 million, or approximately $71,739 per unit.

Senior apartment use and moderately similar scale, but located outside the immediate Sarasota-Bradenton market and affordability details are limited.

Centro Place Senior Apartments was sold with Park Springs in a $47.3 million, 360-unit portfolio. No property-specific price allocation was published, so price is retained as null.

Strong age-restricted apartment-use match with one- and two-bedroom units, but larger than the subject and in the Tampa regional market.

Park Springs was sold with Centro Place Senior Apartments for a combined $47.3 million. The source did not allocate the portfolio price between the properties.

Useful regional affordable-housing transaction, but it is not identified as senior-restricted and is substantially larger than the subject.

Solea Wellen Park was offered for sale in February 2026 on a call-for-offers basis. No asking price was published; the reported average apartment size is 898 SF.

Same age-restricted rental-apartment use and nearby regional location, but substantially larger and not identified as income-restricted.

Federation Plaza sold for $29.7 million with long-term Section 8 and LIHTC affordability protections to be maintained.

Excellent affordable independent-senior use and reasonable scale, but far outside the subject's regional market.

Eden Pointe Apartments sold for $30.8 million. Built in 1995 with 14 buildings and apartments ranging from 707 to 1,189 SF; exact closing date was not published.

Exact Bradenton affordable-apartment market, but substantially larger and not identified as age-restricted.

One asset in a two-property, 211-unit Bradenton/Venice portfolio. The individual address, unit allocation, closing date and price were not disclosed.

Local and physically similar in reported building area, but licensed-care operations differ materially from the subject's unlicensed senior apartments.

Second asset in the 211-unit Bradenton/Venice portfolio. Property-specific address, units, date and price were not disclosed.

Nearby regional senior-housing evidence and similar building area, but licensed-care use differs materially from the subject.

Bradenton Oaks was one of three Florida senior communities sold in separate transactions. The property-specific consideration and closing date were not disclosed.

Very close Bradenton location and useful unit scale, but licensed assisted-living and memory-care use is materially different.

Bayside Terrace sold in a separate transaction within a three-community disposition. Price and exact closing date were not published.

Includes independent-living apartments but also licensed care; larger and outside the immediate market.

The five-story Watermark at Trinity was acquired by Kayne Anderson Real Estate for an undisclosed price; source reported the sale in June 2020.

Independent-living use and moderate physical scale are useful, but the community is outside the Sarasota-Bradenton region and not reported as income-restricted.

Published narrative reports a $32.2 million sale, 532 units and 600,000 SF; the displayed summary rounds the consideration to $32.0 million.

Regional senior-housing transaction, but far larger than the subject and likely includes licensed care services.

The Carlisle Naples reportedly sold for $148.75 million in August 2026 as part of a five-property portfolio. Exact closing date and building area were not stated in the cited sale report.

Includes a substantial independent-living component but is much larger, more service-intensive and farther from Bradenton.

The Arlington at Naples sold for $81 million through a court-directed bankruptcy process reported in January 2023.

Contains independent-living units but includes entrance-fee residences and multiple licensed-care components; substantially larger and farther away.

Teal Pointe Apartments sold to an affordable-housing developer that planned to continue LIHTC operation and renovate the property.

Useful small affordable-housing transaction, but not reported as senior-restricted and geographically distant.

Sold for $53 million with income restrictions applying to qualifying residents; reported site area is 21.4 acres.

Strong affordable senior-use evidence, but unit count and building area were not published and the property is far from Bradenton.

Alamar Senior Living sold for $30.71 million in July 2026. A prior 2024 deed-in-lieu transfer was separately reported at $23.5 million with 136 units; the latest transaction reports 134 units.

Building size is within the requested range, but the licensed senior-care model and distant location differ from the subject.

The Arbor at Lake Worth sold for $87.2 million, approximately $231,300 per unit and $238/SF.

Modern Florida senior-housing sale but substantially larger, distant and licensed-care oriented.

Current offering marketed as a refreshed senior-living/special-purpose property. Listing data also reports a 10.45% cap rate in some marketplace displays.

Very close location, but only 6,539 SF and associated with licensed assisted-living use rather than independent senior apartments.

Actively marketed as a 27-unit, 36-bed licensed assisted-living community. Marketplace card references 3,426 SF of office space, not a clearly verified total facility area.

Close Bradenton location, but small scale and licensed-care operation materially differ from the subject.

Current marketplace offering described as an ALF/residential treatment facility; reliable unit and building-area figures were not displayed.

Local senior/special-purpose real estate, but licensed or treatment use and unknown scale differ from independent senior apartments.

Confidential three-community portfolio generating reported operating revenue. No asking price, exact addresses, individual areas or individual unit allocations were published.

Listing is associated with Bradenton and has a similar aggregate unit count, but consists of three licensed-care properties rather than one independent senior apartment building.

Oak Park Apartments is currently offered without a published asking price. Unit count is shown as 145.

Immediate Bradenton neighborhood and reasonably comparable multifamily scale, but lacks senior and income restrictions.

The Boulevard Apartment Homes is actively marketed on an unpriced basis. Crexi reports 92 units; Showcase reports approximately 87,080 SF.

Exact Bradenton market, close unit count and reported 87,080 SF are highly similar physically, but occupancy is not senior- or income-restricted.

The Preserve at Manatee Bay is actively marketed without a published asking price; sources report 152 units and approximately 167,735 SF.

Close West Bradenton location and building area at the upper edge of the requested range, but twice the subject's units and not senior-restricted.

Rainbow Lake Apartments is marketed at $5.4 million. Crexi reports 29 units; another current marketplace display reports approximately 28,043 SF.

Close Bradenton location but substantially smaller than the subject and not senior- or income-restricted.

The Cul De Sac Apartments is offered at $5.4 million, or $180,000 per unit.

Local Bradenton apartment evidence, but considerably smaller than the subject and no senior or affordability restriction is reported.

Regatta Royale Apartments is currently offered at $4.65 million with 29 units and 21,484 SF.

Immediate local apartment location, but substantially smaller and lacks the subject's senior and income restrictions.

Bayshore Oaks is offered at $2.55 million, or $170,000 per unit.

Nearby Bradenton multifamily listing but much smaller than the subject and not senior-restricted.

Current Showcase listing reports an asking price of $3.45 million and 18,710 SF; unit count was not displayed.

Close local apartment listing, but reported building area is substantially below the subject and no senior restriction is indicated.

Current opened Showcase snapshot reports a $1.45 million asking price, 5,776 SF and a 7.3% cap rate. An earlier search snapshot showed $1.2 million, indicating listing-price changes.

Close Bradenton location but far smaller than the subject and not senior-restricted.

Current offering at $715,000; Showcase reports 10,936 SF and Crexi describes a prime redevelopment opportunity.

Very close downtown Bradenton location, but much smaller and marketed partly for redevelopment rather than as a stabilized senior apartment comp.

Cantabria sold for $59 million, approximately $320,700 per unit. Built in 2022 and reportedly 80% leased at sale.

Closed Bradenton apartment sale with relevant multifamily use, but substantially larger and not senior- or income-restricted.

3232 on Fruitville sold for $11.7 million, approximately $138,900 per unit; reported as fully leased at sale.

Nearby Sarasota closed sale with a unit count close to the subject, but older construction and no senior or affordability restriction.

The Duplexes on 59th sold for $3.3 million, approximately $183,300 per unit, at a reported 6.4% actual cap rate.

Local closed apartment sale, but far smaller and physically different from the four-story subject.

Closed at $1.3 million, or $162,500 per unit; reported pro forma cap rate was 9.1%.

Local Bradenton sale but substantially smaller, older and not senior-restricted.

Riverside 607 Apartments sold for $2 million, approximately $108,300 per unit, through an entity-interest transaction.

Immediate neighboring-town apartment sale, but much smaller and lacks senior and income restrictions.