COMMERCE, GA – Cedar Communities has acquired two senior living facilities in Georgia, comprising 82 assisted living units and 12 independent living units.
The acquired facilities include Brookside Commerce in Commerce, Georgia and Brookside Stone Mountain in Stone Mountain, Georgia.
The assets serve as the firm's fifth and sixth properties added to its assisted living portfolio.
Cedar Communities currently owns 214 units throughout South Carolina, Georgia and Virginia.
Cedar Communities is a private equity real estate firm that aims to offer investors the opportunity to diversify their portfolios, with undervalued, boutique-sized assisted living facilities and senior housing opportunities throughout the Southern US.
➤➤ Join the GlobeSt.HEALTHCARE (formerly RealShare) conference December 3-4 in Scottsdale, AZ. The event will cover the industry's major issues as well as the prevailing and upcoming trends in regulations, space use, budgeting, and technology implementation. Through panel discussions and peer-to-peer networking opportunities, the attendees will gather expert insights on how these factors will affect the development, operation, investment and design of healthcare real estate. Also, be sure to get your nomination in for our healthcare influencer and senior housing influencer feature. Click here to register and view the agenda.
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