Senior Living Investment Brokerage facilitated the sale of a standalone memory care community in Alpharetta, Georgia, that benefits from strong on-site leadership and a great reputation in the local market. The seller, Insignia Senior Living, is selling its United States-based assets to focus on its core geographic markets in Puerto Rico and Latin America. Built in 1991 and renovated in 2016, Tapestry House Memory Care features 42 units across one story. The community sits on 1.93 acres in Fulton County and comprises 28,266 square feet.
SLIB created a national, yet confidential market for this transaction. There were multiple offers from both regional and local buyers. The eventual Northeast-based owner/operator buyer, which currently owns several skilled nursing facilities in Fulton County, is looking to expand its skilled nursing and assisted living portfolio throughout Georgia. Daniel Geraghty and Bradley Clousing handled the transaction.
