SLIB Negotiates Sale of 228-Unit Portfolio in Tennessee, Georgia

by Jeff Shaw

MADISON, Tenn., and MARIETTA and JONESBORO, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of three assisted living and memory care communities in the Southeast.

Located in Madison, Marietta and Jonesboro, the portfolio totals 228 units built in 1999 and 2000. The properties are 46,483, 52,642, and 52,157 square feet, and are situated on approximately 3.69, 9.66, and 6.04 acres of land.

The seller was a western US owner-operator divesting to focus on its core Western markets as these were outliers in their portfolio. The buyer is making its first entry into the Southeast with this acquisition. The price was not disclosed.

Vince Viverito, Brad Clousing, Jason Punzel and Brad Goodsell of SLIB handled the transaction.

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