Welltower Buys Miramar Rehab Center for $49.1M

The Glades West facility sold for at least $49.1 million, the first sale of the property since its 2015 completion.

Updated on Nov. 5, 2026 in Healthcare

Welltower Buys Miramar Rehab Center for $49.1M

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Welltower acquired the Glades West Rehab & Nursing Center in Miramar, Florida, for at least $49.1 million, according to property records. The 120-bed, 86,009-square-foot complex was sold by David Katz of TL Management.

Why it matters

The sale adds to Welltower's continued investment in South Florida senior care facilities. It reflects ongoing capital flowing into skilled nursing properties in the region.

Property records show at least $49.1 million for 120 beds, just over $409,000 per bed, while Welltower has spent just under $170 million on South Florida properties since last year. The records do not confirm whether the price includes furniture or operating business assets.

The players

Welltower

Welltower is a healthcare real estate investment trust headquartered in Toledo, Ohio, with a portfolio of more than 2,500 facilities across the U.S., United Kingdom and Canada.

TL Management

TL Management is a Brooklyn, New York-based firm that manages senior care properties and sold the Glades West facility.

David Katz

David Katz is the representative of TL Management who sold the Glades West Rehab & Nursing Center.

The details

The 86,009-square-foot complex on a 3.7-acre site at 15955 Bass Creek Road in Broward County was completed in 2015. The sale marks the property's first transfer, and Welltower also sold a five-property Palm Beach County portfolio for $81 million in February.

2015: Glades West facility completed.
February 2026: Welltower sold a five-property Palm Beach County portfolio for $81 million.
November 5, 2026: Glades West sale reported.

Market Landscape

Welltower's South Florida purchases, including a 141-unit Aventura complex, a 22-acre Lake Worth complex and a 220-bed Davie facility, show a consistent push into the region's senior care market. The Glades West deal continues that pattern while Welltower simultaneously sold a Palm Beach County portfolio, suggesting portfolio rebalancing rather than uniform expansion.

For investors tracking senior care real estate, the deal signals continued institutional demand for skilled nursing assets in South Florida. Residents and families in Miramar may see ownership changes at the Glades West facility, though the extraction does not specify any operational changes.

The takeaway

Institutional buyers continue to view South Florida skilled nursing facilities as a priority market, making ownership shifts a useful signal for families evaluating local senior care options. Monitoring property records can reveal these transactions before they appear in local news coverage.