Cushman & Wakefield announced the sale of a seniors housing portfolio just north of Atlanta in the state of Georgia. Built from 2018 to 2020, Celebration Village Acworth comprises 226 units, which consist of 144 independent living, 55 assisted living and 31 memory care units. The other community was Celebration Village Forsyth. Built in 2017 to 2019, the community comprises a total of 248 units, which comprise 162 independent living, 55 assisted living and 31 memory care units. Selling the two assets was a joint venture between AgeWell Living, The ASC Group and a large investment fund. Cushman & Wakefield also collaborated with Christopher Clare of its joint venture partner Greystone, which provided the Freddie Mac acquisition financing.
As highlighted last week by Levin Pro LTC, the buyer of the portfolio was Chicago Pacific Founders. Richard Swartz, Jay Wagner, Tim Hosmer and Christopher Remeika arranged the sale on behalf of the sellers in this transaction.
