Georgia

DAHLONEGA, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Dahlonega Assisted Living & Memory Care in Dahlonega, located in the North Georgia Mountains approximately 65 miles north of Atlanta. The community features 58 assisted living units and 14 memory care units. The facility received its Certificate of Occupancy in September 2019 and fully leased up with a waitlist only six months after opening, according to SLIB. The property also provides the opportunity to add 20 new units. A local owner-operator seeking to exit seniors housing sold …

DALTON, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Tranquility of Dalton in the Chattanooga, Tennessee, suburb of Dalton. The asset was built in two phases: The 34-unit assisted living section was built in 2013, and the 24-unit memory care section was built in 2016. The seller is a partnership that divested Tranquility of Dalton to exit the seniors housing industry. The buyer is a Southeast-based owner-operator that is strategically adding to its portfolio. Daniel Geraghty and Brad Clousing of SLIB handled the transaction.

WOODSTOCK, Ga. — Senior Living Investment Brokerage has arranged the sale of Insignia of Towne Lake, a 33-unit assisted living community in the Atlanta suburb of Woodstock. A Florida-based owner-operator acquired the asset for $2.9 million. The new owner plans to add memory care to the community. The transaction also included the assumption of a $2.6 million HUD loan. Built in 1996, the property was 94 percent occupied at the time of sale. The undisclosed seller was looking to remove operational outliers from its portfolio. Bradley Clousing and Patrick Byrne …