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GAINESVILLE, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Amber Glen, a 46-unit assisted living and memory care community in Gaineville.
Amber Glen is located approximately eight miles from Lake Lanier and 70 miles northwest of downtown Atlanta.
A group of five tenants in common, which purchased the asset in 2006, sold the property for an undisclosed price. The buyer, primarily a skilled nursing owner-operator, is looking to expand its assisted living presence across the state of Georgia.
SLIB’s Daniel Geraghty and Bradley Clousing handled the transaction.
“This will be a perfect transition for the new owner, as they operate several communities within a 50-mile radius of Gainesville,” says Geraghty.