Georgia

Dogwood-Trail-Apartments-II_Albany-Ga

ALBANY, Ga. — Lockwood Cos. has broken ground on a new affordable seniors housing community in Albany, a city in southwest Georgia.  Upon completion, Dogwood Trail Apartments II will feature 20 one-bedroom apartments and 20 two-bedroom apartments. Units will be reserved for residents age 55 and older earning at or below 30, 50, 60 and 70 percent of the area median income.  This project marks the second phase of a master planned redevelopment of the area.  Completion of construction is scheduled for winter 2027. 

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DECATUR, Ga. — Berkadia has arranged the sale of Benton House Decatur, an assisted living and memory care community located in Decatur, approximately 10 miles northeast of downtown Atlanta. Principal Senior Living Group — a Georgia-based developer, owner and operator — sold the community to an undisclosed buyer.  The community was fully occupied at the time of sale.  Moving forward, the property, which totals 73 units, will be rebranded as The Retreat at Decatur. Phoenix Senior Living will operate the community on behalf of the new ownership.  Ross Sanders, Dave Fasano, Cody …

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Kelly-Sheehy_Pull-Quote

ATLANTA and NEW YORK CITY — Town Lane and Kelly Sheehy will launch a new seniors housing platform targeting value-add and opportunistic senior living acquisitions across the country. Dubbed Arcole, the platform will be led by managing partner Sheehy and based in Atlanta.  Arcole will operate in partnership with New York City-based Town Lane. Sheehy, who previously served as senior managing director and co-portfolio manager of Artemis Real Estate Partners’ healthcare fund platform, brings more than 20 years of seniors housing experience to the new venture.  “Arcole, in partnership with Town …

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Atlanta-Civic-Center-Redevelopment

ATLANTA — KeyBank Community Development Lending and Investment (CDLI) has arranged $72.8 million in financing for the first phase of the redevelopment of Atlanta Civic Center. The borrower, Civic Center Partners, is converting a portion of the property into a 148-unit affordable seniors housing community.  Civic Center Partners — a joint venture between The Michaels Organization, Sophy Cos. and Republic Properties — is partnering with Atlanta Housing, which owns the Atlanta Civic Center, on the project.  KeyBank CDLI provided a $39.1 million taxable construction loan and $25.2 million in federal low-income …

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Atlanta-Skilled-Nursing

ATLANTA — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 100-bed skilled nursing facility located in Atlanta.  A national seniors housing and long-term care owner sold the property to a Northeast-based owner and operator for an undisclosed price. The buyer plans to relocate the licensed beds within the county.  Daniel Geraghty, Bradley Clousing and Nick Cacciabando of SLIB brokered the transaction on behalf of the seller. 

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ATLANTA — Columbia Residential has secured financing for a $28.4 million renovation and preservation project at Columbia Senior at MLK Village, an affordable seniors housing community located in Atlanta.  Originally developed in 2007 in partnership with Ebenezer Building Foundation, Columbia Senior at MLK Village features 121 units for residents age 62 and older. The preservation project will rehabilitate the community and upgrade amenities at the property.  Atlanta Housing has committed 121 HomeFlex vouchers for 20 years to the community. Funding for the renovation includes tax-exempt bond financing issued by Invest Atlanta, …

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ATLANTA and PHILADELPHIA — BWE has arranged a $52 million bridge loan to finance a portfolio of senior living communities located within the Atlanta and Philadelphia metros.  The portfolio comprises independent living, assisted living and memory care properties.  Ryan Stoll and Taylor Mokris of BWE secured the three-year, floating-rate financing on behalf of the undisclosed borrower. 

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ATLANTA — Galerie Management, the operational arm of Galerie Living, has assumed operation of a senior living community located in Marietta, Georgia, marking the company’s expansion into third-party management. Galerie Living is an Atlanta-based senior living developer, owner and operator.  Galerie Management will now operate Village Park West Cobb on behalf of the community’s ownership.  Led by Joshua Peterson, president of Galerie Management, Galerie’s operational team recently added John Cashion as corporate director of hospitality and Roz Watson as vice president of clinical operations. 

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Legacy-East-Lake_Atlanta

ATLANTA — Columbia Residential, in partnership with Atlanta Housing and other public and private stakeholders, has completed a $35 million redevelopment at Legacy at East Lake in Atlanta and reopened the community.  Originally built in the 1970s, the property features 149 studio and one-bedroom apartments across eight stories. Units are reserved for residents age 55 and older and households earning at or below 30, 50 and 60 percent of the area median income. Rents are capped at 30 percent of household income through project-based vouchers.  Financing for the redevelopment included $12.4 …

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Celebration-Village_Athens-Ga

ATHENS, Ga. — Active Senior Concepts (ASC) has broken ground on Celebration Village Athens, a new senior living community in Athens, roughly 80 miles northeast of Atlanta.  Upon completion, the development will total 377 units, with 96 bungalows, 20 independent living cottages, 70 independent living villas, 96 concierge living apartments, 66 assisted living apartments and 29 memory care suites. Celebration Village Athens will also feature a 30,000-square-foot Celebration Club and 4,000-square-foot spa and wellness center.  Amenities at the community will include pickleball and bocce ball facilities, pavilions with grill stations, fire …

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