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, …
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 …
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.
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, …
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.
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.
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 …
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.” …
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.
ATHENS, Ga. — Landmark Properties, a real estate firm that develops, constructs, invests in, acquires and operates residential communities, has announced its expansion into the seniors housing sector. “Seniors housing sits at an attractive inflection point, having made a meaningful recovery from a unique black swan event and now exhibiting a pronounced supply-demand imbalance,” says Walt Templin, president and chief investment officer of Landmark. “This dynamic creates a compelling entry point for Landmark to leverage its vertically integrated platform.” Landmark has appointed Shashank Goel to lead the company’s entry into seniors …
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