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BUFORD, Ga. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 77-unit assisted living and memory care community in Buford, approximately 35 miles northeast of Atlanta.
The community was built in 2012 and totals 51,063 square feet on 2.5 acres of land.
The buyer is a Florida-based regional owner-operator that plans to invest in cosmetically updating the community and improve overall performance through continued lease-up and expense efficiencies.
The seller was a private REIT that had purchased this asset as part of a larger portfolio and was an operational outlier.
Bradley Clousing and Daniel Geraghty handled the transaction for SLIB. The price was not disclosed.