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AcquisitionsGeorgiaNews

CBRE Brokers Sale of 146-Unit Arbor Terrace Peachtree City in Georgia

by Jeff Shaw

PEACHTREE CITY, Ga. — CBRE has arranged the sale of Arbor Terrace Peachtree City, a 146-unit independent living and assisted living community in Peachtree City, a suburb south of Atlanta. The CBRE National Senior Housing investment sales team of John Sweeny, Aron Will and Garrett Sacco led the transaction for the undisclosed seller. GEM Realty Capital purchased the asset for an undisclosed price. Will and Michael Cregan also arranged the acquisition loan via CBRE’s Freddie Mac Optigo lending platform.

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GeorgiaNewsOperations

Distinctive Living Takes Over Management of Two Communities in Woodstock, Georgia

by Jeff Shaw

WOODSTOCK, Ga. — Distinctive Living has assumed management of Bellevue Village at Woodstock and Bellevue Village at Neese Road, two communities located in Woodstock, a northern suburb of Atlanta. Bellevue Village at Woodstock offers assisted living and memory care, and Bellevue Village at Neese Road offers personal care and memory care.

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Affordable HousingFinanceGeorgiaNewsTennesseeTexas

BWE Arranges $60M in Financing for Affordable Housing Projects in the South

by Jeff Shaw

DALLAS, ATLANTA and NASHVILLE — BWE has arranged three financings totaling over $60 million to build, renovate and provide permanent financing for three affordable multifamily housing properties. Jon Killough and John Roberts originated the Freddie Mac tax-exempt loans on behalf of the borrowers. In the first transcation, BWE arranged a $14.2 million loan for Villages at Carver in Atlanta. The borrower, an Atlanta-based developer and operator, will fund renovations and permanent financing for the 220-unit, mixed-income, garden-style apartment complex. The development houses a mix of one-, two-, three-, and four-bedroom …

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GeorgiaNewsOperationsSouth Carolina

SLIB Negotiates New Tenants for Two Communities in Georgia, South Carolina

by Jeff Shaw

WATKINSVILLE, Ga., and MURRELLS INLET, S.C. — Senior Living Investment Brokerage (SLIB) has arranged a new tenant for two communities in the Southeast cities of Watkinsville and Murrells Inlet. Combined, the properties offer 159 units of assisted living and memory care. The landlord is a seniors housing and healthcare REIT. The new tenant is a Tennessee-based operator with a large presence throughout the Southeast. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.

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AcquisitionsGeorgiaNewsSkilled Nursing

Selectis Health Agrees to Sell Four Skilled Nursing Facilities in Georgia for $31M

by Jeff Shaw

WARRENTON, EASTMAN, GLEN EAGLE and SPARTA, Ga. — Selectis Health Inc. (OTC: GBCS) has agreed to sell the company’s four owned and operated skilled nursing facilities in Georgia.  The agreements provide for the sale of the Company’s Warrenton Healthcare & Rehabilitation, Eastman Healthcare & Rehabilitation, Glen Eagle Nursing and Rehabilitation and Providence of Sparta Healthcare & Rehabilitation facilities, for an aggregate consideration of $31 million.  All four properties are located in rural markets in Middle Georgia. The Warrenton property features 110 beds, the Eastman 100 beds, Glen Eagle 101 beds …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Arranges Sale of Two Communities in Georgia

by Jeff Shaw

JEFFERSON and NORCROSS, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two assisted living and memory care communities in Georgia. The two communities are located approximately 50 miles from each other in Jefferson and Norcross, both northeast of Atlanta. Bradley Clousing and Daniel Geraghty led the transaction for SLIB. The buyer, seller, price and names of the communities were not disclosed.

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Affordable HousingAlabamaDevelopmentFinanceGeorgiaNewsTexas

BWE Arranges $15.3M in Financing for Affordable Communities in the South

by Jeff Shaw

AUSTIN, Texas; DOUGLASVILLE, Ga.; and MOBILE, Ala. — BWE has arranged $15.3 million in permanent loans to finance three affordable housing communities in Austin, Douglasville and Mobile. Jon Killough and Tony Love originated the loans using HUD’s RAD for PRAC initiative, a new tool designed to preserve existing Section 202 housing as well as create new Section 8 housing across the country. Traditionally, Section 202 PRAC rental assistance could only be used for operating expenses, not debt servicing. The RAD for PRAC process allows borrowers to convert PRAC subsidies to …

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AcquisitionsFinanceGeorgiaNewsSkilled Nursing

CFG Provides $22.4M Acquisition Loan for Three Skilled Nursing Facilities in Georgia

by Jeff Shaw

GEORGIA — Capital Funding Group (CFG) has provided $22.4 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities.  The facilities, which are located in Georgia, total 338 beds. Details on the buyer, seller, price and locations were not disclosed. James Zabel originated the transaction.

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CCRCDevelopmentGeorgiaIndependent LivingNews

Canterbury Court in Atlanta Expands With New Independent Living Tower, Seniors Housing Hub

by Jeff Shaw

ATLANTA — Canterbury Court, a continuing care retirement community in Atlanta’s Buckhead district, has doubled in size with its new expansion. The property now includes two new additions: The Garden Tower, a high-rise that features 105 independent living apartments and a ground-level restaurant, and Monarch Pavilion, a four-story building that offers seniors housing units, amenities and services in a neighborhood setting. Monarch Pavilion comprises Azalea View, a new assisted living community; Wisteria Park, a memory care destination centered around a courtyard garden; and Sage Glen, a skilled nursing neighborhood that …

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AcquisitionsGeorgiaNewsSkilled Nursing

Blueprint Brokers Sale of Three Piedmont Healthcare Skilled Nursing Facilities in Georgia

by Jeff Shaw

AUGUSTA, STOCKBRIDGE and EVANS, Ga. — Blueprint has arranged the sale of three skilled nursing facilities: Laurel Park at Henry Medical Center in the Atlanta suburb of Stockbridge; Kentwood Extended Care in Augusta; and Westwood Extended Care in the Augusta suburb of Evans. The seller was Piedmont Healthcare Inc., Georgia’s largest nonprofit healthcare system.  Through its 2022 affiliation with University Health Care System, two skilled nursing and long-term care facilities serving the greater Augusta market, as well as Piedmont Augusta and Piedmont McDuffie hospitals, became part of the Piedmont system.  …

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