ATLANTA-Orlando, Florida-based CNL Lifestyle Properties Inc. has acquired four assisted living communities totaling 347 units in metro Atlanta for $80 million. The REIT has bought the senior housing properties from Solomon Holdings III Dogwood Four LLC affiliates.
The properties include Dogwood Forest of Alpharetta; Dogwood Forest of Gainesville; Dogwood Forest of Fayetteville; and Dogwood Forest of Eagles Landing. Trinity Lifestyles Management II LLC, Solomon Holdings' affiliated management company, will continue to operate the communities. For the full story, go to Atlanta Business Chronicle .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
