Senior Living Investment Brokerage, Inc. recently sold an 84 Unit Assisted Living Community in Cumming, Georgia. This was the third asset in a sale-leaseback arrangement with CNL by the developer owner in 2014. The asset was under construction during the the 2014 transaction and CNL had a right of first refusal on the property. Assisted Living and Memory Care services are both offered at this state of the art property. The unit mix is 36 memory care units and 48 assisted living units. The asset leased up well ahead of schedule and was stabilized prior to closing of the transaction. The building is licensed for 90 assisted living beds by the State of Georgia. Census at the time of sale was 95% and the cap rate was &.5%. The assisted living community sold for $217,262 per bed. For additional information contact Brad Clousing or Jeff Binder at Senior Living Investment Brokerage, Inc.
