MADISON, Tenn. — Lloyd Jones has acquired Maybelle Carter, a 131-unit senior independent living, assisted living and memory care community in first-ring Nashville suburb of Madison.
The property will operate under Lloyd Jones’ Sage Hill brand as Sage Hill Maybelle Carter.
Maybelle Carter is Lloyd Jones’ third seniors housing acquisition this year. In February, the firm added two Class A communities to its senior living portfolio: Aviva Woodlands in Lincoln, Nebraska, and River Bend in Rochester, Minnesota.
The property was built on the former estate of country music legend “Mother” Maybelle Carter. Lloyd Jones plans on renovating the asset.
Blueprint Healthcare Real Estate Advisors brokered the transaction. The seller was a publicly traded REIT.