CBRE Capital Markets Arranges $77.3 Million Sale And $50.5 Million Financing Of Senior Housing Communities In Marietta And Peachtree City, GA

10/31/16

CBRE Capital Markets’ National Senior Housing team has arranged the sale of two senior housing communities in Georgia to an affiliate of Arcapita Investment Management US, for $77.25 million or $327,330 per unit.

The properties included in the transaction are:

- Arbor Terrace Peachtree City located in Peachtree City, Georgia; 146 units.

- Arbor Terrace of East Cobb located in Marietta, Georgia; 90 units.

Lisa Widmier along with partner Matthew Whitlock of CBRE Capital Markets’ National Senior Housing team represented the seller, affiliates of Capitol Seniors Housing.

Aron Will of CBRE Capital Markets’ National Senior Housing Team 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.

"The buyer will continue to use the current operator, The Arbor Company, through the acquisition of these communities. Plans to further expand this relationship are ongoing,“ said Ms. Widmier, executive vice president, CBRE National Senior Housing.

Located in affluent enclaves of Marietta and Peachtree City, the high-quality 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 percent.

CBRE’s National Senior Housing team consists of 15 professionals with more than half a century of combined senior housing experience. CBRE’s 2015 senior housing transaction volume of $2.8 billion (combined debt and sales) represented 20 percent of the estimated volume for the entire senior housing intermediary industry during the year. With over $4.3 billion in combined year-to-date transaction volume, 2016 deal flow has already exceeded 2015.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.