PEACHTREE CITY, Ga. — CBRE has arranged financing for Somerby Peachtree City, a newly delivered, Class A seniors housing property in the Atlanta suburb of Peachtree City. The amount and use of the loan were not disclosed.
The borrower was a joint venture between Harrison Street Real Estate Capital LLC and Dominion Partners. Somerby Senior Living, the management arm of Dominion, operates the 96 units of assisted living and memory care.
Aron Will of CBRE National Senior Housing secured the four-year, floating-rate loan with 18 months of interest-only payments from a regional bank.
HRSE is a real estate investment management firm exclusively focused on the education, healthcare and storage sectors. Dominion is a Southeast-based real estate enterprise mainly focused on its Somerby Senior Living brand and Class A multifamily development. Currently, Dominion owns and operates 1,560 units of independent living, assisted living and memory care across eight communities in Florida, Georgia, Alabama, Tennessee and South Carolina.