Senior apartments in Palm Beach sold for $21M

The Joseph’s Village senior living apartment complex in West Palm Beach was sold for $21.4 million, five years after the property was foreclosed upon.

The 252-unit apartment complex was sold by 2210 N. Australian Ave LLC, managed by Scott Daiagi in Oakland Park, to GPAI Uptown 22 LLC, an affiliate of Denver-based apartment investor Grand Peaks. The price equated to $84,921 per unit.

The property last traded in 2013, when it was seized in foreclosure over a $3.2 million mortgage.

Joseph’s Village…

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