Before the year ended, BWE closed on the sale of a standalone memory care community in Suwanee, Georgia. Built in 2013, Peachtree Villa at Suwanee comprises 42-units on three acres. At the time of the sale, the property was not in operation. The buyer will renovate the property for an alternative use.
Charley Bissell handled the transaction, which was facilitated through a CREXI auction. This closing marks the seventh memory care community sold by Bissell over the past 24 months on behalf of a Midwest-based alternative investment firm. Previous transactions included properties in Flower Mound, San Antonio and Missouri City, Texas, as well as in Stockbridge and Alpharetta, Georgia, and Naples, Florida.
