ACWORTH and SUWANEE, Ga. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired Celebration Village Acworth in Acworth and Celebration Village Forsyth in Suwanee, both in the northern suburbs of Atlanta.
Each property offers independent living, assisted living and memory care services. The communities offer a combined 474 units.
Cushman & Wakefield’s Richard Swartz, Jay Wagner, Tim Hosmer and Christopher Remeika represented the seller in the transaction, a joint venture between AgeWell Living, The ASC Group and a large investment fund.
Grace Management will operate both communities following the acquisition. The price was not disclosed.
CPF plans to make improvements at the two properties.
Cushman & Wakefield collaborated with Christopher Clare of joint venture partner Greystone, which provided the Freddie Mac acquisition financing to CPF.