The Taylor Residences senior care living facility in South Jacksonville sold Jan. 30 for $10.6 million.
The community is at 6701 Chester Ave., about a half-mile south of University Boulevard.
Housing Preservation Inc. of Memphis, Tennessee, bought the facility through FT Seniors Jacksonville LP.
The seller was Fannie E. Taylor Home for the Aged of South Jacksonville Inc.
HPI took out a $12.56 million mortgage from Merchants Bank of Indiana.
HPI says its portfolio comprises affordable housing communities participating in Department of Housing and Urban Development programs. In 2025, it said it owned 121 properties comprising 14,845 units.
HPI says it embraces the concept of “aging in place” for housing and services.
According to its website, HPI operates Silvertree Seniors Jacksonville at 3937 Spring Park Road.
Fannie E. Taylor was a Jacksonville philanthropist in the early 1900s who wanted to create affordable living for the elderly who could no longer care for themselves.
Taylor Residences, also known as Taylor Apartments, opened in 1980 as Fannie E. Taylor Home for the Aged of South Jacksonville.
Taylor Residences is HUD-subsidized independent living senior housing. Residents are 62 years old and older and must meet HUD income guidelines. It has 146 one-bedroom apartments.
The 11.81-acre property comprises 13 buildings with a 6,234-square-foot clubhouse.
The facility provides utilities-included rent, maintenance and complimentary transportation for residents for shopping and banking.