Florida Senior Living Community, Operator Engaged in $130M Bankruptcy Auction

A senior living community and operator in Florida have filed for bankruptcy due to financial struggles. The Unisen Senior Living in Tampa, Florida, owes $43.2 million to unsecured creditors and $86.9 million to secured creditors. The operator is currently looking for bidders for a bankruptcy auction scheduled for June. Despite attempts to sell or form partnerships, the community faced challenges, leading to a 21% occupancy rate. Residents will be relocated with costs covered by UMB Bank, while Unisen coordinates with neighboring communities for assistance.