Harbert Management Acquires 127-Unit Community Near Atlanta

ALPHARETTA, Ga. — Harbert Management Corp. has acquired Village Park at Alpharetta, a 127-unit seniors housing community in the Atlanta suburb of Alpharetta. Village Park Senior Living sold the property for an undisclosed price.

HFF brokered the sale on behalf of Village Park. HFF also arranged acquisition financing on behalf of Harbert, which purchased the property free and clear of any existing financing.

Completed earlier this year, the 177,098-square-foot community features 66 independent living units, 43 assisted living units and 18 memory care units. It is located near two major healthcare facilities and an 86-acre mixed-use development.

The HFF investment advisory team representing the seller included Ryan Maconachy, Chad Lavender and Jason Nettles. HFF’s debt placement team representing the new owner included Sarah Anderson.