PrivCap Companies acquired an assisted living facility in Margate, Florida, located about 45 miles north of Miami, for $7 million from Bessli Capital Partners. The facility, called Caring Village Margate, has 111 units, and houses a memory care unit called VIP Care Pavilion. The facility offers dining areas for each level of care, private and semi-private rooms, an activity and fitness room, computer tablets for video chatting, and an enclosed outdoor patio.
PrivCap Companies is a real estate investment company based in Boca Raton. Its portfolio includes properties in Florida, New Jersey, Texas, and Georgia. PrivCap Companies includes affiliated companies: PrivCap Funding, PrivCap Holdings, PrivCap Development, PrivCap Investments
This was reported by TheRealDeal on October 28, 2020.