July 11, 2023
BUFORD, GA — Senior Living Investment Brokerage (SLIB) has facilitated the sale of a 77-unit assisted living and memory care facility in this city roughly 40 miles northeast of Atlanta. The facility, built in 2012, is just over 51,000 square feet on approximately 3.5 acres of land.
The buyer is a Florida-based regional owner/operator that plans to invest in cosmetically updating the community.
“The buyer is excited to expand their presence in Georgia,” said SLIB Managing Director Bradley Clousing, who handled the transaction with Daniel Geraghty. “This acquisition is a strategic move for their operations in the Georgia market.”
The seller was a private REIT that had purchased this asset as part of a larger portfolio and was an operational outlier.