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GEORGETOWN, S.C. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Georgetown Assisted Living & Memory Care in Georgetown, a small town located along the coast.
An owner-operator and a group of investors purchased a 24-unit hospice facility from the local hospital. The group then did a gut rehab on the existing structure and added a two-story, 38-unit addition. The investor group decided to sell the asset prior to opening the property.
The buyer and price were not disclosed.
Patrick Burke, Bradley Clousing and Dan Geraghty of SLIB handled the transaction.
“SLIB was able to secure multiple offers and also connect the buyer with a lender seeking to grow its seniors housing portfolio,” says Burke.