53
ATHENS, Ga. — LTC Properties Inc. (NYSE:LTC), a seniors housing and healthcare REIT, has acquired Village at Athens, a 70-unit assisted living and memory care community in Athens, for $14.3 million.
The seller, Atlanta-based developer and operator Thrive Senior Living, finished construction of the community in May. Thrive will stay on to operate under the new ownership.
This is the third seniors housing partnership between LTC and Thrive. The companies expect to open two more developments by year’s end, as well.
Village at Athens features 50 assisted living units and 20 memory care units. Athens is located approximately 70 miles east of Atlanta.