Brad Clousing recently sold a 40 unit, purpose built, personal care community just south of Atlanta in a growing submarket. At the time of sale, the community was in receivership but was beginning to stabilize. Anew operator had recently been hired. The building would need capital improvements in order to obtain an assisted license. Census at LOI was 77% but by the close of escrow had moved to 95%. The 26,813 square foot facility was built in 2000. Acquisition financing was provided by Community Southern Bank. The Buyer was a Chicago based owner/operator. For additional information, please contact Brad Clousing at 630/858-2501 or clousing@slibinc.com
