---
title: "New York Investor Buys Palm Beach County Nursing Home for At Least $24M"
url: https://burnaze.com/article/f99ef10d-1707-4971-8300-fc93ccd30ce4
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/10/tordjman-equities-pine-trail-nursing-and-rehab-center-palm-beach-county-nursing-home/
author: "Julia Echikson"
category: "Senior Care"
industry: "Senior Care"
published: 2026-10-13T21:35:42.000Z
modified: 2026-10-31T13:18:58.245Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/10/Palm-Beach-Co-RF-GettyImages-2285817817-WEB.jpg?quality=80&w=1200
---

# New York Investor Buys Palm Beach County Nursing Home for At Least $24M

**TL;DR:** Tordjman Equities has paid at least $23.8 million for the Pine Trail Nursing and Rehab Center in Palm Beach County. The acquisition is part of a larger trend of investors buying up senior housing assets in the area, driven by a growing senior population.

*By Julia Echikson, originally published in Commercial Observer on 2026-10-13. [Read the original](https://commercialobserver.com/2026/10/tordjman-equities-pine-trail-nursing-and-rehab-center-palm-beach-county-nursing-home/).*

## Story

**Tordjman Equities** has paid at least $23.8 million for a nursing home in Palm Beach County, property records show.

Called **Pine Trail Nursing and Rehab Center**, the 59,760-square-foot facility features 93 beds at **4445 Pine Forest Drive** in Greenacres, Fla., adjacent to South Military Trail. The Pine Trail facility was built in 1988 on an 8.7-acre property.

The asset last traded for $3.5 million in 2004. An entity tied to **K.C. Kross**, the CEO of Oakland Park-based **Mountaineer Development**, served as the seller in the recent sale.

The deed filed to Palm Beach County likely includes the value of only the real estate. The total price is probably higher to include the nursing home’s operating business and furniture.

**Pinnacle Bank**, which merged with **Synovus Bank** in January, supplied a $150 million acquisition loan, serving as an administrator for a group of lenders. The debt backs another recent acquisition: the $16.6 million purchase of the 20,758-square-foot **Westlake Nursing and Rehab Center** in Dania Beach, Fla., earlier this month.

Investors have been buying up senior housing assets across Palm Beach County as Florida’s senior population is projected to grow by 5.4 percent annually until 2031, and occupancy for those properties held steady at about 90 percent in the second quarter of 2026, according to a report from **Colliers**.

In August, **Artemis Real Estate Partners** purchased a relatively new assisted living facility in Delray Beach for at least $140 million from **PGIM Real Estate**. This month, **Robbins Property Associates** purchased a new housing community for residents 55 years and older in West Delray Beach for nearly $30 million.

## Entities

- Senior Care (sector)
- senior care (topic)
- Commercial Observer (publication)
- real estate investment (topic)
- Julia Echikson (person)
- Colliers (company)
- acquisition loan (topic)
- nursing home acquisition (topic)
- Tordjman Equities (investor)
- Pine Trail Nursing and Rehab Center (company)
- K.C. Kross (person)
- Mountaineer Development (company)

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Originally reported by Julia Echikson, Commercial Observer (https://commercialobserver.com/2026/10/tordjman-equities-pine-trail-nursing-and-rehab-center-palm-beach-county-nursing-home/). Summarized by Burnaze (https://burnaze.com/article/f99ef10d-1707-4971-8300-fc93ccd30ce4).