Enlivant, the Chicago-based owner/operator of assisted living communities, recently purchased a memory care community and an AL/MC community, both located in Georgia. Enlivant is the successor company to the former Assisted Living Concepts, which has been in the news of late when its former CEO Laurie Bebo’s case against the SEC was recently rejected by the Supreme Court. Back to the deal, the 42-unit memory care community (which has some high acuity units too) in Rome was built in 1999, while the community in Cedartown was built in 1991 with 29 AL units, plus 20 MC units added in 2014. Under its ownership by the seller, Winthrop Senior Living, the occupancy had varied over the years, but has recently been between 94% and 95% at both communities. Average revenue per bed is estimated to be between $3,500 and $3,600 per month. Average rates at the Cedartown property were lower, but both properties are in rural areas. Enlivant paid $10 million, or $109,900 per unit, and we have estimated an 8.5% cap rate. Senior Capital Advisors handled the transaction.