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Isakson Living Names Sonya Marsh as Director of Human Resources

by Jeff Shaw

ATLANTA — Isakson Living has named Sonya Marsh director of human resources for the Atlanta-based developer and operator. Reporting to Isakson Living founder and managing partner Andy Isakson, Marsh will be charged with attracting, retaining and developing a best-in-class team at all Isakson Living communities. “Although we build residential communities, it is the service and care that is provided by our teams at Park Springs and Peachtree Hills Place that is our hallmark, so a strong human resources program is critical to our mission,” says Isakson. Marsh has a record …

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GeorgiaIndianaNewsOperationsTexas

United Group to Operate Five Communities in Texas, Georgia, Indiana

by Jeff Shaw

DALLAS — The United Group of Cos. will take on property management duties at five luxury senior communities in Texas, Georgia and Indiana. The arrangement represents the latest in the organization’s expansion in this growing niche and represents the latest additions in what has been a period of growth for United Plus Property Management (UPPM), United Group’s management arm. The new deals center around three newly acquired Texas senior communities: NorthStar Georgetown, The Orchards Market Plaza and The Orchards Arlington Highlands. The organization will also manage day-to-day operations at two …

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AcquisitionsFloridaGeorgiaNews

Blueprint Brokers Sale of Two Arbor Communities in the Southeast

by Jeff Shaw

CANTON, Ga., and AMELIA ISLAND, Fla. — Blueprint Healthcare Real Estate Advisors has arranged the sales of two seniors housing communities in the Southeast. The first property is The Arbor at Bridgemill, opened in 2018 and featuring 206 units in the Atlanta suburb of Canton. The second asset is The Lakeside at Amelia Island, opened in 2019 and featuring 187 units in the tourist destination of Amelia Island, just northeast of Jacksonville. Aspire Development Partners built the communities, which The Arbor Company operates. The buyer and price were not disclosed.

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Assisted LivingFinanceGeorgiaNews

JLL Arranges $18.5M Refinancing for Manor Lake Gainesville in Georgia

by Jeff Shaw

GAINESVILLE, Ga. — JLL Capital Markets has arranged an $18.5 million refinancing for Manor Lake Gainesville, a 88-unit, recently constructed assisted living and memory care community in Gainesville, approximately 50 miles northeast of Atlanta. JLL worked on behalf of the borrower, Manor Lake Development LLC, to secure the non-recourse, floating-rate loan through a debt fund. Manor Lake Gainesville was completed in 2019. The property offers studio, one-bedroom and companion suites ranging from 421 to 558 square feet. Joel Mendes and Trent Niederberger led the JLL Capital Markets Debt Advisory team …

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AcquisitionsGeorgiaNews

SLIB Brokers Sale of 59-Unit John-Wesley Villas of Savannah in Georgia

by Jeff Shaw

SAVANNAH, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of John-Wesley Villas of Savannah, a 59-unit independent living and assisted living community in Savannah. Located on 4.1 acres, the property also features an adjacent 1.1-acre lot for expansion. The seller sought to divest of this asset to focus on development of its larger, campus-style communities. The buyer has existing operations in Savannah. The price was not disclosed. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.

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Active AdultDevelopmentGeorgiaNews

Greystar Opens Overture Powers Ferry Active Adult Community in Atlanta

by Jeff Shaw

ATLANTA — Greystar has opened Overture Powers Ferry, an active adult community in Atlanta. The property is located near The Battery, a popular development surrounding the new Atlanta Braves baseball stadium. The number of units was not disclosed. “Overture Powers Ferry provides the perfect location for someone seeking to become a member of an active community located in the heart of Cumberland near shopping, dining and entertainment with easy access to the main freeways,” says Malcolm Bemba-Kaye, regional property manager said. Floorplans come in one- and two-bedroom options.

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Affordable HousingDevelopmentGeorgiaNews

Columbia Residential, Decatur Housing Authority Receive Funding for Affordable Project in Georgia

by Jeff Shaw

DECATUR, Ga. — The Decatur Housing Authority (DHA), in partnership with Columbia Residential, was recently awarded a 9 percent Low-Income Housing Tax Credit (LIHTC) allocation from the Georgia Department of Community Affairs. The move will fund development of Columbia Senior Residences at Decatur East Phase II. The mixed-income community for seniors age 62 and older will be located adjacent to the Avondale MARTA station in Decatur, just east of Atlanta. Phase II will deliver 80 units, 70 of which will be affordable to households earning below 60 percent of the …

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FinanceGeorgiaNews

Greystone Arranges Financing for 193-Unit Community in Atlanta

by Jeff Shaw

ATLANTA — Greystone has placed financing for a 193-unit seniors housing complex in Atlanta. Greystone’s Senior Housing Capital Markets Team, including Matt Miller, arranged the financing on behalf of Harbert Seniors Housing Fund I LP. The amount and use of the financing were not disclosed. A large, regional bank provided the funds, which include a three-year term. The property, managed by an experienced regional operator, includes independent living, assisted living and memory care units across two construction phases, the second of which was completed in late 2020.

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Affordable HousingDevelopmentGeorgiaNews

McShane Completes 238-Unit Stonepointe Affordable Community in Stonecrest, Georgia

by Jeff Shaw

STONECREST, Ga. — McShane Construction Co. has completed the construction of Stonepointe, a 238-unit affordable senior living community in Stonecrest, just southeast of Atlanta. Dominium was the developer of the project while Martin Riley Associates served as the architect. Construction began in January 2020. Positioned on 11.3 acres of land, the four-story building features units ranging from one to three bedrooms. Last month, McShane also completed Covington Crossings, another affordable senior living residence for Dominium in nearby Covington.

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CCRCDevelopmentGeorgiaNews

Lenbrook Completes $108M Campus Expansion in Atlanta

by Jeff Shaw

ATLANTA — Lenbrook, an independent continuing care retirement community in Atlanta, has completed a $108 million expansion at the community. The project, named Kingsboro at Lenbrook, will add 53 independent living units, common areas, event space and a regulation croquet lawn on a four-acre parcel. The first Kingsboro at Lenbrook residents have already moved in, and just a few of the new 39 apartments and 14 villas remain available for sale, according to Lenbrook. THW Design was architect on the project, Greenbriar Development was development consultant and Brasfield & Gorrie …

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