Fortress Acquires Tuscan Gardens Seniors Housing Community

New York, March 12, 2026 -- Fortress Investment Group today announced the acquisition of Tuscan Gardens of Palm Coast, a Class A assisted living, enhanced assisted living, and memory care community located in Palm Coast, Florida. The 130-unit community has been acquired by funds managed by affiliates of Fortress, and will continue to be operated by AgeWell Solvere Living, which has managed the property since 2023.

Tuscan Gardens of Palm Coast is a 2018 vintage senior living campus offering a full continuum of care, including assisted living, enhanced assisted living, and memory care. The community is situated on an 11 acre campus approximately one mile from the Atlantic Ocean and serves an affluent and growing senior population along Florida’s northeast coast.

Under AgeWell’s operational leadership, occupancy and operating performance have improved meaningfully, and the community has established itself as a leading senior living option in the Palm Coast market.

“We are pleased to expand our seniors housing portfolio through the acquisition of Tuscan Gardens of Palm Coast,” said Peter Stone, Head of Healthcare Real Estate Equity at Fortress. “This is a high quality asset in a supply constrained, demographically attractive market. We look forward to working with AgeWell on the ongoing execution of the plan to deliver exceptional care and hospitality to residents and families.”

Tuscan Gardens of Palm Coast offers thoughtfully designed residences, multiple dining venues, wellness and fitness amenities, landscaped courtyards, and personalized care programs tailored to individual needs. The community benefits from strong demographics and limited new senior housing supply locally, as well as proximity to healthcare, retail, and coastal amenities.

“This acquisition reflects Fortress’s continued commitment to investing in well located, high quality senior housing assets that we believe have significant long-term growth potential,” added Stone.

About Fortress Investment Group
Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $54 billion of assets under management as of September 30, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts.