SLIB Arranges Sale of 51-Unit Community in Georgia

WARNER ROBINS, Ga. — Senior Living Investment Brokerage has arranged the sale of Lake Joy Assisted Living, a 51-unit assisted living community in Warner Robins, approximately 100 miles southeast of Atlanta.

A joint venture between Phoenix Senior Living and ReNew REIT acquired the property for an undisclosed price. The seller was a local hotel developer that built the property.

Bradley Clousing of Senior Living Investment Brokerage handled the transaction. The asset was completed in 2017 and is close to stabilization, according to Clousing.