Daniel Geraghty and Brad Clousing of Senior Living Investment Brokerage represented a group of EB-5 investors in the sale of their 70-unit assisted living/memory care community in Georgia. Located in the town of Sharpsburg, a growing market between Newnan and Peachtree City southwest of Atlanta, the community was built in 2021 and was in excellent condition.
It was also producing healthy cash flow, making for an attractive opportunity for a buyer to acquire a stabilized asset for below replacement cost. That buyer was a Midwest-based developer making its first acquisition in Georgia, for an undisclosed price. There were multiple offers from both national and regional buyers.
