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CUMMING, Ga. — Senior Living Investment Brokerage (SLIB) has arranged a sale-leaseback deal for The Oaks at Hampton, an 84-unit assisted living facility in Cumming about 40 miles north of Atlanta, for $18.3 million.
Senior Housing Properties Trust (NYSE: SNH), a REIT, purchased the property and will keep Oaks Senior Living, the seller, as operator.
Bradley Clousing and Jeff Binder of SLIB handled the transaction.