Georgia

InterFace Seniors Housing Southeast Power Panel

ATLANTA — Seniors housing is a sector that has a long track record of carefully balancing care for its residents with the fundamentals of real estate, namely the return on investment in the form of monthly rental rates. Equity and debt partners have appreciated the sector as an investment vehicle for decades, but are now fully grasping how important operators are to realizing those gains. This was the topic of discussion among the “power panel” of executives at InterFace Seniors Southeast, an annual conference that was held at Westin Buckhead …

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COCHRAN, JESUP and THOMSON, Ga. — Thrive Senior Living has taken over operations at three senior living communities in the state of Georgia, located in Cochran, Jesup and Thomson.  A Georgia-based family owns the properties, which are all under the At Home Senior Living brand.  “Communities in smaller towns like Cochran, Jesup, and Thomson exude the classic Southern charm that makes them feel like home,” says Sebby Kannukkaden, Thrive president and CFO. “However, they often miss out on valuable opportunities given their size and location. Our goal with these communities …

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JOHNS CREEK, Ga. — Marcus & Associates and Buckley Shuler Properties have arranged the sale of St. Ives Memory Care, a 38-unit standalone memory care community in the Atlanta suburb of Johns Creek. Regional owner-operator Solinity was the buyer. The seller and price were not disclosed. The property experienced operational setbacks during the COVID-19 pandemic, as well as complications from a winter freeze that caused flooding and insurance issues.Marcus Van Ameringen of Marcus & Associates handled the transaction.

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ATLANTA — Isakson Living has named Hayden Herrick as executive director of assisted living and memory care at The Terraces at Peachtree Hills Place, which provides assisted living, memory care, skilled nursing and short-term rehabilitation in a luxury residential community for those 55 and older in the Buckhead neighborhood of Atlanta.  Herrick will be responsible for daily operations, including management, staffing and regulatory compliance. He will report to Greg Heath, who served as interim executive director of assisted living and memory care for The Terraces at Peachtree Hills Place concurrently …

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ALPHARETTA, Ga. — Berkadia has arranged the sale of an 85-unit assisted living and memory care community in Alpharetta, a suburb north of Atlanta.  Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders led the Berkadia team in representing the seller, a publicly traded REIT. The asset, part of a three-property portfolio, was purchased by a regional owner/operator. The first two properties in the portfolio closed in May. The price and other details were not disclosed.

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MACON, Ga. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Archway Transitional Care, a 100-bed skilled nursing facility in Macon. The seller was Selectis Health (OTCPK: GBCS), a Colorado-based corporation and owner-operator of senior care facilities across multiple states. The buyer was the existing operator, Ethica Health & Retirement, a subsidiary of Community Health Systems of Georgia (CHSGa), the largest non-profit provider in the state. The price was not disclosed. Michael Segal and Daniel Waldhorn led the Blueprint team.

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ATLANTA; MEMPHIS, Tenn.; MOBILE, Ala.; and SHREVEPORT, La. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $142 million bridge acquisition loan for a portfolio of 10 skilled nursing facilities in prime urban areas surrounding Atlanta, Memphis, Mobile and Shreveport.  The properties include Bell Minor Home, Cambridge Post Acute Care Center, Nurse Care of Buckhead, Riverside Health Care Center, Rockdale Healthcare Center, Westminster Commons, Millington Healthcare Center, Parkway Health and Rehabilitation Center, Kensington Health and Rehabilitation, and Highland Place Rehabilitation and Nursing.  Collectively, these facilities total …

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ALPHARETTA, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Tapestry House Memory Care in Alpharetta, a suburb north of Atlanta. The community sits on 1.9 acres offering 42 units of memory care. The seller, Insignia Senior Living, is divesting of its U.S.-based assets to focus on core geographic markets in Puerto Rico and Latin America. The undisclosed buyer is looking to expand its skilled nursing and assisted living portfolio throughout Georgia. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB. “This acquisition was strategic for …

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SHARPSBURG, Ga. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Magnolia of Sharpsburg, a 70-unit assisted living and memory care community in Sharpsburg, a suburb south of Atlanta. The community was built in 2021. A group of EB-5 investors sold the property to a Midwest-based developer for an undisclosed price. This was their first acquisition in Georgia. Daniel Geraghty and Bradley Clousing handled the transaction for SLIB.

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ATLANTA and MARIETTA, Ga. — Berkadia has arranged the sale of two assisted living and memory care communities in the Atlanta metropolitan area. The portfolio totals 146 units in Atlanta and the suburb ofMarietta. The seller was a publicly traded REIT. A regional owner-operator acquired the assets for an undisclosed price.  Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders led the Berkadia team.

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