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WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a senior living portfolio totaling 13 properties in Georgia and South Carolina. Built between 1989 and 2014, the communities total 672 units, with 492 assisted living units and 180 memory care units.
SLIB represented the undisclosed seller in the transaction A Southeast-based operator acquired the portfolio for an undisclosed price. The buyer plans to implement a repositioning strategy to stabilize the assets.
Brad Clousing, Dan Geraghty and Jeff Binder of SLIB negotiated the transaction.