Senior Living Investment Brokerage, Inc. for the sale of two Personal Care Communities. Both were located in the Metro Atlanta, GA market. The first property, built in 1990, is approximately 58,600 square feet and features 62 personal care units. The second property, built in 1993, is approximately 33,405 square feet and features 62 personal care units and was expanded in 2010 to accommodate the addition of 17 memory care units. The Seller was a local non-profit at the direction of the bond holders. Both buildings were managed by a Florida based operator. The Buyer intends on focusing on occupancy and cost control measures utilizing their regional presence and expertise in the Georgia market. The acquisitions fit well into their footprint for a quality addition to their portfolio. The properties sold for $11,000,000 at a 5.0% cap rate. Census at the time of sale was 80%. For additional information, please contact Brad Clousing at 630/858-2501 or clousing@slibinc.com
