1031 Crowdfunding Acquires 154-Unit Memory Care, Assisted Living Portfolio in Georgia

by Jeff Shaw

COLUMBUS and LEESBURG, Ga. — 1031 Crowdfunding has acquired a 154-unit assisted living and memory care portfolio located in Middle Georgia. The price and seller were not disclosed.

The two properties are located in Columbus, along the Alabama border in Western Georgia, and Leesburg, approximately 75 miles southeast of Columbus. Completed in 2018 and 2019, Oaks at Oakland Plantation and Oaks at Grove Park include two buildings over 16 acres with six hospitals within a 25-mile radius of the locations.

The acquisitions were made through the buyer’s affiliate 1031 CF Properties LLC. Oaks Senior Living operates the communities.

“Georgia’s growing popularity for relocation makes it an attractive investment opportunity,” says Edward Fernandez, CEO and president of 1031 Crowdfunding. “And as the population ages, memory care and assisted living facilities are essential. This, combined with continued investor interest in real estate offerings, made this an attractive addition to our suite of DST investment options.”

The facilities have a combined occupancy of 91 percent.

Bradley Clousing and Daniel Geraghty of Senior Living Investment Brokerage arranged the transaction.

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