Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage facilitated the sale of LaGrange Heritage Senior Living, a 100-unit independent living, assisted living and memory care community in LaGrange, Georgia. Built in 2021 on 14.10 acres, the property is best in class within the local market. It is immediately adjacent to LaGrange Heritage, a Publix, Starbucks, Chick-fil-A and a new apartment complex recently opened in late 2023. That helps boost visibility to the community.
The seller is a Georgia-based developer, and the buyer is The Fellowship Family and its institutional capital provider partner. The Fellowship Family intends to improve marketing efforts to boost occupancy (which was hovering around 64% at the time of closing) to finish lease-up.
