Located in affluent enclaves of Marietta and Peachtree City, the senior housing communities include 236 independent living, assisted living, personal care and memory care units and were acquired by the seller between December 2013 and March 2014. The occupancy at the time of the offering was approximately 95%.

ATLANTA—Two senior housing communities in Georgia have traded hands. The sale price: $77.25 million, or $327,330 per unit. An affiliate of Arcapita Investment Management US acquired the senior housing communities, demonstrating how empty nesters are impacting the residential market.

CBRE Capital Markets' National Senior Housing team arranged the sale. Lisa Widmier along with partner Matthew Whitlock represented the seller, affiliates of Capitol Seniors Housing. The properties included in the transaction are the 146-unit Arbor Terrace Peachtree City in Peachtree City, GA and the 90-unit Arbor Terrace of East Cobb in Marietta, GA.

“The investment appetite for class A properties in the top 20 MSA's remains strong despite softening in pricing in the B and C segment of the market,” says Aron Will, vice chairman of National Senior Housing for CBRE. “These well run communities in affluent suburban submarkets of Atlanta demonstrate this strong continued demand, especially when top-tier operators such as The Arbor Company are staying on to manage the assets.”

Will originated $50.5 million in acquisition financing on behalf of the borrower. CBRE, through its Freddie Mac Seller Servicer direct lending program, secured a seven-year fixed-rate loan with 36 months interest only.

Located in affluent enclaves of Marietta and Peachtree City, the senior housing communities include 236 independent living, assisted living, personal care and memory care units and were acquired by the seller between December 2013 and March 2014. The occupancy at the time of the offering was approximately 95%.