CBRE Arranges $22.5M Acquisition Financing for 92-Unit Community Near Atlanta

ACWORTH, Ga. — CBRE has arranged $22.5 million in financing for an institutional client, which will use the funds to purchase Dogwood Forest of Acworth, a 92-unit assisted living and memory care community in the Atlanta suburb of Acworth.

Solomon Investment Partners and Trinity Lifestyles Management opened the property in July 2014 with 68 assisted living units and 24 memory care units. The property was 50 percent pre-leased at opening and reached stabilization in 14 months.

Trinity, the wholly owned management arm of Solomon, will continue to manage the community under a third party management contract with the buyer.

Aron Will of CBRE National Senior Housing arranged the five-year, fixed-rate loan with 24 months of interest-only paments. A life insurance company provided the capital.

Trinity is a regional owner-operator with a portfolio of eight communities in Georgia and Alabama.

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