CBRE Capital Markets’ National Senior Housing team has arranged the sale of Arbor Terrace Peachtree City, Arbor Terrace of East Cobb and Arbor Terrace Sudley Manor, a 310-unit independent living, assisted living, personal care and memory care Portfolio in Greater Atlanta, Georgia and Washington, D.C. to an affiliate of Arcapita Investment Management US.
Lisa Widmier along with partner Matthew Whitlock of CBRE Capital Markets’ National Senior Housing team represented the seller, affiliates of Capitol Seniors Housing.
"The Buyer, an affiliate of Arcapita Investment Management US, recognized the value in establishing a new operator relationship with The Arbor Company, the current operator, 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, Peachtree City and Manassas, the communities are high-quality, purpose built Senior Housing assets. The occupancy at the time of the offering was approximately 96 percent.
On behalf of the buyer, Arcapita Investment Management US, Aron Will of CBRE Capital Markets’ National Senior Housing Team secured approximately 65% LTV financing, through its Freddie Mac direct lending program ($50.53 million, fixed rate loan, which includes a seven-year term with 36 months of interest only for Arbor Terrace Peachtree and Arbor Terrace of East Cobb) and a $15.93MM, floating rate loan for Sudley Manor through its Freddie Mac direct lending program, which also includes a seven-year term with 36 months of interest only.
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 $3.5 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.
