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CUMMING, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Country Gardens Lanier, a 41-unit assisted living facility in Cumming, approximately 40 miles northeast of Atlanta.
SLIB was retained to solicit bids on behalf of the court-appointed receiver, GGG Partners. The buyer was a regional owner and operator seeking to expand its footprint across the Southeast.
Managing Director Daniel Geraghty and Senior Managing Director Bradley Clousing of SLIB handled this transaction.
The buyer operates another seniors housing community in Forsyth County, Georgia, according to Geraghty, which “should help with expense efficiencies.”