Georgia

Georgian-Lakeside_Roswell-Ga
GeorgiaNewsOperations

Atlas Senior Living Assumes Management of 95-Unit Community in Metro Atlanta

by Hayden Spiess

ROSWELL, Ga. — Atlas Senior Living, a Birmingham, Alabama-based owner and operator, has assumed management of The Georgian Lakeside in Roswell, approximately 30 miles north of Atlanta.  Cogir Senior Living previously operated the assisted living and memory care community, which totals 95 units. The Georgian Lakeside originally opened in 2016.  Amenities at the property include multiple dining venues, a private dining room, a theater, salon, library, fitness center and on-site therapy services.  Founded in 2013, Atlas operates a portfolio of 40 senior living communities on the East coast and across the …

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AcquisitionsAssisted LivingFinanceGeorgiaIndependent LivingMemory CareNews

JLL Arranges $21M Acquisition Financing for Community in Metro Atlanta

by Hayden Spiess

STOCKBRIDGE, Ga. — JLL Capital Markets has arranged $21 million in financing for the acquisition of a senior living community located in Stockbridge, roughly 20 miles southeast of downtown Atlanta. An entity doing business as 1031 CF Properties is the borrower.  Old Second National Bank provided the loan.  Built in 2022, the property, Oaks at Eagle’s Landing, totals 122 units, with independent living, assisted living and memory care residences. Amenities at the community include a fitness center, library, salon, bar, art studio, game room, cards and billiard room, movie theater, courtyard, …

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AcquisitionsCaliforniaConnecticutDelawareGeorgiaMassachusettsNew JerseyNewsPennsylvania

American Healthcare REIT Acquires Eight Seniors Housing Communities for $696M

by Hayden Spiess

IRVINE, Calif. —American Healthcare REIT Inc. (NYSE: AHR) has acquired eight seniors housing communities in six states for $696 million. The properties, which collectively comprise 867 units and were built between 2020 and 2022, are located in Massachusetts, Connecticut, New Jersey, Pennsylvania, Delaware and Georgia. Newmark acted as AHR’s real estate advisor for the transaction.  While there were multiple sellers, all eight properties were marketed together. AHR purchased 10 communities all together but assigned the purchase and sale agreements of two properties to another institutional investor.  “This series of transactions is …

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Will-Childs
Company NewsGeorgiaNews

Senior Housing Services Opens Atlanta Office

by Hayden Spiess

ATLANTA — Brokerage and advisory firm Senior Housing Services (SHS) has expanded, opening an office in the Buckhead neighborhood of Atlanta. Will Childs has been appointed to lead the office and the expansion of the firm across Georgia, Alabama, Virginia, Tennessee and Florida.  Launched in 1999, SHS is based in Charlotte, North Carolina.  Childs has more than 20 years of experience in commercial real estate, including 18 years focused on seniors housing and healthcare. He has previously held roles with JLL and Cushman & Wakefield, as well as co-founding OHC Advisors. 

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Atlanta Portfolio
AcquisitionsGeorgiaNews

JLL Brokers $147M Sale of Portfolio in Metro Atlanta

by Hayden Spiess

ATLANTA — JLL Capital Markets has brokered the $147 million sale of a seniors housing portfolio totaling five communities in submarkets north of Atlanta. An institutional investor acquired the properties in an all-cash transaction.  A joint venture between Centric Development and Sage Equities sold the portfolio. Claiborne Senior Living will continue to operate the communities on behalf of the new ownership.  The portfolio comprises 611 assisted living and memory care units, with 701 beds. Centric Development developed the properties between 2018 and 2022. Amenities at the communities include theaters, restaurant-style dining, …

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Charter_Martinez-Ga
GeorgiaNewsOperations

Charter Assumes Management of Community Near Augusta, Georgia

by Hayden Spiess

MARTINEZ, Ga. — Charter Senior Living has assumed the management of a Ventas-owned community located in Martinez, approximately five miles northwest of downtown Augusta.  The property has been rebranded as Charter Senior Living of Martinez.  Charter’s portfolio of managed communities now totals 75 properties throughout the country.  “We’re honored to expand our relationship with Ventas and welcome Charter Senior Living of Martinez into our growing portfolio of Ventas communities in the Southeast,” says Keven Bennema, co-founder and CEO of Charter.

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Sweetwater-Terraces_Duluth-Ga
AcquisitionsAffordable HousingGeorgiaNews

Dominium Acquires 165-Unit Community in Metro Atlanta

by Hayden Spiess

DULUTH, Ga. — Dominium has acquired Sweetwater Terraces, a 165-unit senior living community located in Duluth, about 30 miles northeast of downtown Atlanta.  Dominium plans to resyndicate the property in the fourth quarter of this year, preserving the community’s affordable housing status. As part of the resyndication, the community will undergo a $9.9 million renovation.  The property was originally developed in 2008 using four-percent low-income housing tax credits and tax-exempt bond financing. 

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Heartis-Fayetteville
AcquisitionsGeorgiaNews

Berkadia Arranges Sale of 167-Unit Luxury Community in Metro Atlanta

by Hayden Spiess

FAYETTEVILLE, Ga. — Berkadia has arranged the sale of Heartis Fayetteville, a 167-unit luxury seniors housing community located roughly 25 miles south of Atlanta.  Capitol Seniors Housing acquired the community, which will be operated as Village Park Fayetteville moving forward. A joint venture between Caddis Partners and Singerman Real Estate was the seller. Galerie Living will operate the community on behalf of the new ownership.  Built in 2018, the property offers a full continuum of care.  Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia brokered the sale on …

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FinanceGeorgiaNewsNorth CarolinaSkilled NursingSouth Carolina

CFG Provides $72.4M Bridge Loan for Southeast Skilled Nursing Portfolio 

by Hayden Spiess

BALTIMORE — Capital Funding Group (CFG) has provided a $72.4 million bridge loan for the refinancing of a skilled nursing portfolio located in the Southeast.  The nine facilities included in the portfolio are located throughout Georgia, North Carolina and South Carolina.  “This transaction reflects the continued demand we’re seeing from experienced operators looking to unlock value and position their portfolios for long-term growth,” says Erik Howard, president of CFG Bank. “We focus on aligning capital with our clients’ broader strategy, supporting immediate priorities while strengthening the foundation for continued portfolio performance.” …

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Georgia-South-Carolina-Portfolio
AcquisitionsGeorgiaNewsSouth Carolina

SLIB Arranges Sale of 426-Unit Portfolio in Georgia, South Carolina

by Hayden Spiess

WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 426-unit senior living portfolio located in Georgia and South Carolina.  Comprising six communities situated on four campuses, the portfolio features 156 independent living units, 200 assisted living units and 70 memory care units. The properties were built between 2017 and 2022.  A Southeast-based developer sold the portfolio to a publicly traded REIT for an undisclosed price. Daniel Geraghty, Bradley Clousing, Jeff Binder and Jason Punzel of Illinois-based SLIB represented the seller in the transaction. 

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