Insights > Deals
Tordjman buys 93‑bed Greenacres care facility
13 October 2026 | Asset acquisition | US | 93 beds | Operational
The acquisition adds an operating nursing and rehabilitation facility to Tordjman's portfolio in Palm Beach County.
Key details
Asset type | Operational |
Location | Greenacres, US |
Capacity | 93 beds |
Buyer | Tordjman Equities |
Seller | An entity linked to Mountaineer Development |
Value | c. $23.8 million |
Tordjman Equities has bought Pine Trail Nursing and Rehab Center in Greenacres, according to a report by Commercial Observer citing of Palm Beach County records. The 93‑bed nursing and rehabilitation facility on Pine Forest Drive was built in 1988.
The recorded purchase consideration is at least US$23.8 million.
Strategic context
The purchase gives Tordjman an existing operational care facility in Palm Beach County, where the value of the real estate is closely tied to the operator’s ability to deliver nursing services while maintaining the necessary licences.
Unlike an independent‑living apartment asset, the property requires specialised management and ongoing compliance with clinical and regulatory requirements. A building dating from 1988 may also require a more detailed assessment of maintenance and refurbishment needs.
For investors, the disclosed property price may represent only part of the total capital requirement if the transaction also includes the acquisition of the operating business.
SUBSCRIBE TO STUDENT HOUSING INSIDER
Stay close to the student housing market
Subscribe to Student Housing Insider for a weekly update on student housing transactions, development pipeline, market trends and selected BONARD analysis.
Designed for investors, developers, operators, lenders and market participants tracking the student housing sector.