SLIB Negotiates Sale of 69-Unit Portfolio in Rural Georgia

BARNESVILLE and FORSYTH, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two seniors housing communities totaling 69 units in Georgia.

Sunny Grove Assisted Living, located in Barnesville, offers 34 units of assisted living and memory care on a 9.5-acre site. River Place Assisted Living, located in Forsyth, offers 35 units of assisted living and memory care on a 7.3-acre site. The neighboring cities are located approximately 60 miles south of Atlanta.

The seller is a local owner-operator looking to exit the seniors housing industry. The buyer is a group of individual investors partnered with a Southeast-based provider.

Daniel Geraghty and Bradley Clousing of SLIB handled the transaction.