Senior Living Investment Brokerage, Inc. was hired to handle an 81 Unit/120 Bed Personal Care Home sale in Macon, Georgia. The asset was built in three phases in 1967, 1986 and 2000. The Seller had completed a cosmetic upgrade and stabilized operations over the past three years. It has been well maintained and in a good location in the historic College Hill neighborhood within Macon and is one block from Mercer University and Medical Center of Central Georgia. The Seller is concentrating on their core market in Florida. The Buyer, on the other hand, is expanding their Georgia presence. The facility sold for $7,000,000 at a 9.0% cap rate. For additional information on this Personal Care Home sale or on other opportunities to buy or sell your community, contact Brad Clousing of Senior Living Investment Brokerage, Inc. at clousing@slibinc.com or 630/858-2501.
