Atlanta

Focus Senior Housing Fund I LP has acquired the class A, four-property portfolio, totaling 559 units.

The REIT purchased a senior housing facility in Augusta, GA, and a former senior housing facility in Gulf Breeze, FL, which will be converted into an addiction treatment center.

From 2018 to 2019, annual cash compensation and total cash remuneration increased $462,900 and $658,969 respectively.

Berkadia arranged the sale and financing on behalf of the buyer for the 101-acre, 1,060-unit, The Park at Hoover.

The firm will also provide financial aid to students, fund future expansion goals and support minority and women-owned businesses in the surrounding community.

The firm has hired two industry veterans to facilitate industrial and office investment sale and capital transactions from Atlanta, GA and Orlando, FL.

Investors have continued to buy up major industrial portfolios and assets in early 2021.

Facing a once-in-a-century pandemic might've felt like backs against the CRE wall, but instead the industry has gone back to the future.