The Taylor Residences senior care living facility in South Jacksonville sold Jan. 30 for $10.6 million.\u00a0<\/p>\n
The community is at 6701 Chester Ave., about a half-mile south of University Boulevard.<\/p>\n
Housing Preservation Inc. of Memphis, Tennessee, bought the facility through FT Seniors Jacksonville LP.<\/p>\n
The seller was Fannie E. Taylor Home for the Aged of South Jacksonville Inc.\u00a0<\/p>\n
HPI took out a $12.56 million mortgage from Merchants Bank of Indiana.<\/p>\n
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.<\/p>\n
HPI says it embraces the concept of \u201caging in place\u201d for housing and services.<\/p>\n
According to its website, HPI operates Silvertree Seniors Jacksonville at 3937 Spring Park Road.<\/p>\n
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.\u00a0<\/p>\n
Taylor Residences, also known as Taylor Apartments, opened in 1980 as Fannie E. Taylor Home for the Aged of South Jacksonville.<\/p>\n
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.<\/p>\n
The 11.81-acre property comprises 13 buildings with a 6,234-square-foot clubhouse.<\/p>\n
The facility provides utilities-included rent, maintenance and complimentary transportation for residents for shopping and banking.<\/p>\n
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