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Assisted LivingDevelopmentGeorgiaNews

Watercrest Nears Completion of 98-Unit Community in Macon, Georgia

by Jeff Shaw

MACON, Ga. — Watercrest Senior Living Group and equity partners, Peninsula U.S. Real Estate and Corecam Capital Partners, have received a certificate of occupancy for Watercrest Macon Assisted Living and Memory Care in Macon. EMJ construction is finalizing building details alongside Interior Design Associates (IDA), in preparation for the upcoming opening. Watercrest Macon is a 98-unit, luxury senior living campus comprising 76 assisted living and 22 memory care residences. It is located within the Providence at Bass development featuring high-end residential, retail, dining and entertainment. Watercrest Macon is one of …

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AcquisitionsGeorgiaNews

JLL Brokers $18M Sale of Summer Breeze Seniors Housing Community in Savannah, Georgia

by Jeff Shaw

SAVANNAH, Ga. — JLL has brokered the $18 million sale of Summer Breeze, a 79-unit independent living, assisted living and memory care community on Savannah’s Wilmington Island. Mike Garbers, Cody Tremper and Michael Sivewright of JLL represented the seller, Salt Lake City-based Bridge Investment Group. An unnamed investor acquired the property in a 1031 exchange. Summer Breeze offers 28 independent living units, 39 assisted living units and 12 memory care units. The community was 95 percent occupied at the time of sale. Located approximately 10 miles southeast of downtown Savannah, …

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GeorgiaNewsOperationsPeople

Isaakson Living Hires Brandon O’Ree as Executive Director of Community in Atlanta

by Jeff Shaw

ATLANTA — Isaakson Living has hired Brandon O’Ree as the new executive director of The Terraces at Peachtree Hills Place, an assisted living, memory care, skilled nursing and short-term rehabilitation community in Atlanta’s upscale Buckhead neighborhood. O’Ree will be responsible for daily operations, including management, staffing and regulatory compliance of the 85-unit community. O’Ree has previously led teams at continuing care retirement communities (CCRCs) and senior healthcare facilities throughout the Southeast, including recently directing the daily operations for three properties encompassing 111 independent living apartments, 131 assisted living apartments and …

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Active AdultDevelopmentGeorgiaNews

Capitol Seniors Housing Breaks Ground on 180-Unit Outlook at Exchange in Buford, Georgia

by Jeff Shaw

BUFORD, Ga. — Capitol Seniors Housing has broken ground on The Outlook at the Exchange, an active adult community for residents ages 55 and older in Buford. The 200,000-square-foot, four-story community will offer 180 residential units. The Outlook at the Exchange will be part of Fuqua Development’s Exchange at Gwinnett, a $350 million mixed-use development underway near the Mall of Georgia. The 106-acre development will include 460,000 square feet of retail, restaurants, entertainment and about 1,000 units of apartments, townhomes and senior housing for about 3,000 residents. Situated close to …

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Active AdultDevelopmentGeorgiaNews

Capitol Seniors Housing Breaks Ground on 180-Unit Outlook at Exchange in Buford, Georgia

by Jeff Shaw

BUFORD, Ga. — Capitol Seniors Housing has broken ground on The Outlook at the Exchange, an active adult community for residents ages 55 and older in Buford. The 200,000-square-foot, four-story community will offer 180 residential units. The Outlook at the Exchange seniors housing community will be part of Fuqua Development’s Exchange at Gwinnett, a $350 million mixed-use development underway near the Mall of Georgia. The 106-acre development will include 460,000 square feet of retail, restaurants, entertainment and about 1,000 units of apartments, townhomes and seniors housing for about 3,000 residents. …

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Assisted LivingDevelopmentGeorgiaNews

Watercrest Begins Leasing at 98-Unit Community in Macon, Georgia

by Jeff Shaw

MACON, Ga. — Watercrest Senior Living Group has begun accepting reservations at Watercrest Macon Assisted Living and Memory Care in Macon, approximately 80 miles southeast of Atlanta. Watercrest Macon will feature 76 assisted living and 22 memory care residences. It is scheduled to open this fall. Watercrest Macon is one of two senior living projects Watercrest has under development with private equity partners Corecam Capital Partners and Peninsula Alternative Real Estate. The second project, Watercrest Myrtle Beach Assisted Living and Memory Care, is currently under construction in Myrtle Beach, South …

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AcquisitionsAssisted LivingGeorgiaNews

SLIB Brokers Sale of 94-Unit Brickmont Assisted Living in Milton, Georgia

by Jeff Shaw

MILTON, Ga. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Brickmont Assisted Living, a 94-unit seniors housing community in Milton, approximately 30 miles north of Atlanta. The seller was a local developer that elected to exit this asset as it was the company’s first building and had reached the end of its investment horizon. The buyer was a Tennessee-based partnership looking to expand its southeast footprint in strategic markets. The price was not disclosed The community was built in 2016. Bradley Clousing and Daniel Geraghty handled the …

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DevelopmentGeorgiaNews

Phoenix Senior Living Completes Renovations at The Retreat at Conyers in Georgia

by Jeff Shaw

CONYERS, Ga. — Phoenix Senior Living has completed the $1.63 million renovation of The Retreat at Conyers in Conyers, a suburb of Atlanta. Sayer Construction and 828 Interior Design Studio lead the eight-month construction project, which adds amenities such as indoor and outdoor dining options; a game room with shuffleboard and pool table; enhanced creative space for arts and crafts; and an intergenerational outdoor play area. The community features 78 independent living apartments, 30 personal care and 30 memory care apartments.

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Affordable HousingDevelopmentGeorgiaNews

Tapestry Development, Columbia Residential Open $19M Stride Senior Residences Near Atlanta

by Jeff Shaw

DECATUR, Ga. — Tapestry Development Group and Columbia Residential have opened Stride Senior Residences, a 90-unit affordable seniors housing community in Decatur, just east of Atlanta. Development costs were estimated at $19 million. A grand opening ceremony was held May 27 at the property. The transit-oriented community provides critical affordability in a high-cost area, according to the developers. Eighty percent of the units serve seniors earning below 60 percent of the area median income. The location features walkable access to a variety of retail, grocery stores, restaurants, professional services options, …

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Assisted LivingDevelopmentGeorgiaNews

Griffin Living Plans Varenita Seniors Housing Community in Acworth, Georgia

by Jeff Shaw

ACWORTH, Ga. — Griffin Living has received financing for the development of Varenita of West Cobb, a seniors housing community in the Atlanta suburb of Acworth. The two-story, 75,516-square-foot project will feature 58 assisted living and 23 memory care units. As one of the few major financial closings for ground-up construction in senior living since the pandemic started, Varenita at West Cobb provides insight into how post-pandemic investing and innovation will look in the senior living industry, according to the developer. “The pandemic severely affected senior living products, so it …

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