Equipped with a new roof and a new upgraded license, a 50-unit assisted living community in Forest Park, Georgia sold to Birchwood Healthcare Properties for $4 million, or $80,000 per unit. Originally built in 2000, the community was owned by a local doctor, who has decided to exit the business after retirement from his medical practice. The community was just 75% occupied, and it brought in under $50,000 in EBITDA on approximately $1.7 million of revenues, for an operating margin of just 3%. So, operations could obviously improve. The community has received significant capital upgrades to its exterior over the past five years, including a new roof, and has also upgraded to a new assisted living license. Birchwood will look to improve rates, occupancy and the operating margin, hiring Atlanta-based Canopy Lifestyles to manage it. They will also invest in some interior upgrades. Brad Clousing and Jeff Binder of Senior Living Investment Brokerage handled the transaction.