The Community
SLIB facilitated the sale of Lanier Lodge, a 92-unit independent living, assisted living and memory care community located in Gainesville, Georgia. Overlooking the lake, Lanier Lodge also includes 18 boat slips and the opportunity to construct a 40-unit independent living community on the property. The community offers spacious floor plans and exceptional services and amenities. The sale price also includes the adjacent land for future development of 40 independent living villas.
The Process
This transaction allowed the Buyer group to expand their growing footprint in Georgia. The transaction leveraged SLIB’s local focus as the final Buyer is a partnership between a new REIT and an Atlanta based operator.
The Result
The Seller group was an Atlanta based owner-operator, who also developed the asset. SLIB facilitated a competitive bidding process, ultimately settling strong pricing for the community.
Lanier Lodge
The Community
SLIB facilitated the sale of Lanier Lodge, a 92-unit independent living, assisted living and memory care community located in Gainesville, Georgia. Overlooking the lake, Lanier Lodge also includes 18 boat slips and the opportunity to construct a 40-unit independent living community on the property. The community offers spacious floor plans and exceptional services and amenities. The sale price also includes the adjacent land for future development of 40 independent living villas.
The Process
This transaction allowed the Buyer group to expand their growing footprint in Georgia. The transaction leveraged SLIB’s local focus as the final Buyer is a partnership between a new REIT and an Atlanta based operator.
The Result
The Seller group was an Atlanta based owner-operator, who also developed the asset. SLIB facilitated a competitive bidding process, ultimately settling strong pricing for the community.
