The four-story Grand Living at Tamaya, a 171-unit senior living community at 3270 Tamaya Blvd in northeast Jacksonville, changed hands last Friday in a roughly $36 million deal. Artemis Real Estate Partners is the buyer, acquiring the property from a Ryan Companies affiliate. The building, which opened in 2019, includes independent-living, assisted-living and a secured memory-care neighborhood.
As reported by Jax Daily Record, Artemis bought the property through 3270 Tamaya Blvd Owner LLC for $36 million and took out a $29.35 million mortgage to finance the purchase. The paper says the seller is Ryan Companies US Inc., doing business through Tamaya Senior Living LLC. The asset sits on about 6.14 acres with roughly 192,088 square feet of building area. Built as an age-in-place community, the development originally had about 171 units, including a 34-unit memory-care neighborhood.
Amenities and resident options
Grand Living markets the Tamaya community as resort-style living, with restaurant-style dining, a movie theater, fitness center, pool and spa, meditation spaces and guest suites for visiting family, plus chauffeured transportation for off-campus appointments. It also advertises a "Winter With Us" 90-day program that accommodates seasonal residents. These features support the property's full-acuity model, allowing many residents to stay in place as care levels change, according to Grand Living.
Investor interest and local context
Artemis Real Estate Partners, a Chevy Chase-area investment manager, has been expanding its senior-housing footprint and often invests with local operating partners, the firm says. Ryan Companies, which developed the Tamaya site, notes the project moved through permitting in 2017 and was slated to open in 2019. The acquisition continues a run of institutional buying of newer, well-located seniors housing assets.
What this means for Jacksonville
Dealmakers and brokers say transaction volume in seniors housing has picked back up as occupancy improves and new supply remains constrained, dynamics that help explain demand for assets like Tamaya. Brokers interviewed by REBusiness described rising deal flow and compressed cap rates for well-performing, recently built communities, especially in the Southeast.
