DAHLONEGA, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Dahlonega Assisted Living & Memory Care in Dahlonega, located in the North Georgia Mountains approximately 65 miles north of Atlanta.
The community features 58 assisted living units and 14 memory care units. The facility received its Certificate of Occupancy in September 2019 and fully leased up with a waitlist only six months after opening, according to SLIB. The property also provides the opportunity to add 20 new units.
A local owner-operator seeking to exit seniors housing sold the property to a nonprofit, Southeast-based owner-operator looking to expand. The price was not disclosed.
Bradley Clousing and Daniel Geraghty of SLIB handled the transaction.
“The Seller did an incredible job on the lease-up and stayed 100% full through COVID, which is an incredible accomplishment,” says Clousing.