Brad Clousing and Jeff Binder have sold two Assisted Living Communities in the Atlanta MSA. They are approximately 30 miles from one another. The larger of the two communities features 100 units and was built in 2007. The other community features 80 units and was built in 2011. They are both approximately 40 miles from downtown Atlanta. Both of the facilities were encumbered by HUD loans that were paid off at the close of escrow. The current operator will continue to operate the communities under a long term lease agreement. The census at the time of sale was 96%. The properties sold for $33,600,000 at a 7.4% capitalization rate. For additional information contact Brad Clousing at clousing@slibinc.com or Jeff Binder at binder@slibinc.com
