David Vickers Of Centric Development And Sharon Gabrielovitch Of Sage Equities Sell Senior Housing Portfolio For $147M

The transaction involved the sale of the Brickmont senior housing portfolio, which consists of 611 units and 701 beds across five locations: 2560 Holcomb Bridge Road, 2782 Dallas Highway, 2285 Peachtree Parkway, 13291 Highway 92, and 3114 Cobb Parkway North West, all situated in the Alpharetta, Marietta, Cumming, Woodstock, and Acworth areas of Georgia. The total sale price was $147,000,000, resulting in a price per unit of $240,589.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $147,000,000
• Units: 611
• Price Per Unit: $240,589
• Seller: David Vickers - Centric Development; Sharon Gabrielovitch - Sage Equities
• Brokers: Jay Wagner, Richard Swartz, Aaron Rosenzweig, Timothy Hosmer, Erik Von Hamm, Peter Yorck, Joel Mendes & Anthony Fertitta - JLL

Centric Development and Sage Equities executed the sale to a publicly traded institutional investor, with Claiborne Senior Living retained as the operator. JLL represented the sellers in this transaction, which occurred amidst a rebound in senior housing investment characterized by increased occupancy and restricted new supply.