Emerald Group and Infinite Care have acquired two senior rehabilitation centers in South Florida for a total of $29 million. The purchases include the Tamarac Rehabilitation and Health Center, a 120-bed facility located at 7901 Northwest 88th Avenue in Tamarac, and the Pinecrest Rehabilitation Center, a 100-bed facility at 13650 Northeast Third Court in North Miami.
Both acquisitions were led by Yisroel Herzka, an investor based in Lakewood, New Jersey, who is associated with both Emerald and Infinite Care. According to property records and real estate database Vizzda, the Tamarac center consists of a one-story building spanning 38,200 square feet on a 3.8-acre site. The Pinecrest center features a one-story building of 30,400 square feet on a 2.4-acre lot.
The seller for both properties was NuVision Management, based in Fort Lauderdale. NuVision provides consulting services to geriatric and pediatric long-term care and rehabilitative service providers.
To finance the acquisitions, the buyers secured a $46.6 million loan from Valley Bank. This loan is cross-collateralized with other properties owned by Emerald Group and Infinite Care.
Tamarac Rehabilitation offers skilled nursing and rehabilitation services for patients recovering from strokes or bone fractures. Pinecrest Rehabilitation provides post-hospital care as well as skilled nursing for conditions such as pneumonia, heart disease, bone fractures, joint replacements, strokes, Parkinson’s disease and cancer-related diagnoses.
Senior care facilities in South Florida have seen sporadic transactions but remain somewhat insulated from broader economic pressures like higher interest rates or inflation due to steady demand from retirees moving to the state. Recent notable deals include Welltower’s $34.3 million purchase of Oakmonte Village of Davie—a facility offering assisted and independent living—and Garden Healthcare’s $24 million acquisition of Eastridge at Cutler Bay earlier this year. In April, Leo Friedman bought Abbey Delray senior living facility for $30 million.
