Senior Housing and Assisted Living Facilities for Sale in Georgia

Haven Senior Investments is pleased to present a strong and stabilized existing 23-bed community, which carries the Georgia Assisted Living License designation as a Personal Care Home. Plus, there is a significant upside from completing a fully entitled expansion project with complete architectural drawings and cost estimates for an additional 21 beds. Unique to the expansion project is the availability of SBA financing to cover 100% of the expansion costs. Little to no additional equity is required for the expansion project if using an SBA loan product. The SBA financing product provides all interest costs and working capital needs during the construction and lease-up period, again through no additional equity. This is an excellent investment opportunity for buyers looking for strong historical and current cash flow with significant upside through the initial acquisition of the existing 2016 built community and the completion of the fully entitled, shovel-ready, 21-unit expansion project. Currently operating as a 23-bed assisted living community on a two-acre parcel in Gainesville Georgia, the community has maintained stabilized occupancy with progressively growing revenue due to significant demand in the market. The existing  23-bed facility is an attractive physical plant with very little deferred maintenance or capex requirements. The addition of the expansion units will allow a future owner to benefit from the existing excellent reputation in the market while capturing the excess demand due to the lack of supply of beds needed in the area.  There is strong demand for additional AL and MC beds in the service area per NIC Map & Vision data.

Haven Senior Investments is pleased to present a 60-unit Assisted Living/Senior Housing Facility near Atlanta GA. This facility was originally built as a personal care home and was most recently used for behavioral health. The real estate, now vacant, has been repossessed by the lender, who is an eager seller. The 30,000-square-foot building sits on 1.34 acres in an area with a strong need for both AL and MC. At just over $100 a square foot, this may be the best development opportunity in the Atlanta area. Market site reports and building plans are available upon request.

ID#010860   Approximate Beds/Units:  45    Location:  Perry

Another firm is pleased to introduce an 18,860 SF Assisted Living Facility in Perry, GA. This facility currently operates as a 3-building, 45-bed, Assisted Living Facility. The Owner would be willing to sell the business if the purchaser is interested in continuing with its current use. All utilities are available at the site and there is paved and ample parking with 300′ frontage to the street. The facility is in the heart of Perry’s medical district and near Healthcare Perry Hospital. The site is neighbored by many medical providers, including DaVita Dialysis, Capstone Medical Clinic, Women’s Healthcare, Lighthouse Nursing Agency, and Vineville Internal Medicine Perry. There is easy access to major highways.

ID#010855   Approximate Beds/Units:  30    Location:  Atlanta

Another firm is pleased to present a 7,500 SF Health Care Building with 30 beds in Atlanta. The 2023 Improvements include a new driveway, new kitchen appliances, the interior painted, new kitchen pipes/plumbing, and exterior pressure wash gutters and outside of the building.

ID#010841    Approximate Beds/Units:  65+27=93    Location:   Canton

Another firm is pleased to introduce a 93-unit facility built in 2006 and is separated into 65 Assisted Living units and 28 Memory Care units. On-site amenities include a large commercial kitchen and dining area, a lounge area, an exercise room, a wellness office, two reception areas, and a covered patio. This community is located directly adjacent to a large shopping center, which includes retailers such as Publix Super Market, Belk, Home Depot, and an AMC Movie Theatre. Also located a few miles from the site is Northside Hospital’s Cherokee campus, a 211-bed full-service community hospital. The median income is $103,606 within a 10-mile radius of the site, which has nearly tripled since 2010 (when the median income was $37,377).

ID#010840   Approximate Beds/Units:  24 IL Units & 48 Senior Living (32 AL/16 MC)    Location:   Lawrenceville

Another firm is pleased to introduce a unique campus made up of 10 buildings with a total of 72 units and approximately 71,400 SF. The property consists of multiple Independent Living Cottages totaling 24 units and a 48-unit senior living facility (32 AL/16 MC). The standalone independent living cottages are 2BR/2Bath and average 1,840 sq ft. The AL/MC facility is a single-story building that was fully renovated in Q1 2022 and is positioned at the entrance of the campus. Noteworthy amenities for the IL cottages include screened-in porches and private garages, while amenities in the AL/MC facility include a commercial kitchen and dining, laundry room, salon, & bathrooms with showers in every unit. This property falls within the I-985 corridor northeast of the Atlanta Metro and contains a median income of $94,144 within a 5-mile radius of the site. Additionally, Buford’s population has grown 9.71% since 2020.

ID#010839    Approximate Beds/Units:  54/50    Location:  Alpharetta

Another firm is pleased to introduce to acquire a 50-unit/54-bed memory care community in the rapidly growing Atlanta-Alpharetta Metroplex. The building is 36,296 SF and sits on 3.4 acres.  The surrounding market area has demographics that are very favorable for senior housing. The 65+ population is forecast to grow by 4.18% annually between 2022 and 2027, representing an additional 9,200 seniors – greater than both the MSA and national growth projections. Income levels are high, as the all-ages median is on average 40% higher than MSA levels and 44% higher than national levels. Lastly, the area has a robust housing market, with a median housing value of $457K. The seniors housing market experienced occupancy and profit margin declines because of the COVID-19 Pandemic but is now positioned to deliver out-sized returns to investors. This asset is vacant and not currently operating – buyers may elect to re-open as senior housing or memory care. The seller will consider providing financing to qualified bidders. The property suffered damages from the freeze earlier in 2023, and much of the sheetrock and flooring has been removed. The property is being sold on an “as is” basis. The seller will consider owner financing for qualified buyers.

ID#010838   Approximate Beds/Units:  47/42   Location: Suwanee

Another firm is pleased to introduce the opportunity to acquire a 29,641 SF Health Care Building with 42 units/47 beds. The facility is in the rapidly growing Atlanta suburb of Suwanee. The building sits on 2.991 acres. The surrounding market area has demographics that are very favorable for senior housing. The 75+ population is forecast to grow by 7.17% annually between 2022 and 2027 – nearly double the national growth rate. Income levels are high, with an all-ages median of $88K, which is greater than both the MSA and national all-ages medians. Lastly, the area has a robust housing market, with a median housing value of $313K. The seniors housing market experienced occupancy and profit margin declines because of the COVID-19 Pandemic but is now positioned to deliver out-sized returns to investors. This asset is vacant and not currently operating – buyers may elect to re-open as seniors housing or memory care. The seller will consider providing financing to qualified bidders. The property suffered damages from the freeze earlier in 2023, and much of the sheetrock and flooring has been removed. The property is being sold on an “as is” basis.

ID#010836   Approximate Beds/Units:   80    Location:   Northeast of Atlanta

ID#010513   Approximate Beds/Units:  94     Location:  Blairsville

Another firm is pleased to introduce a Senior Living Facility (Business Included). This is a well-established 94-bed senior living facility comprised of five buildings totaling 65,000 square feet and includes a fully staffed thriving business. It is a 100% private pay facility boasting an average rent of over $3,650. The facility is a 31-year business nestled in the North Georgia Mountains on 10.48 acres, with a generational reputation as the top senior living facility in Blairsville and surrounding communities. This Senior Living facility generates sustained revenue with YOY average annual growth of over 10% and YOY EBITDA of over 18%. The facility has been family-owned and operated since opening in 1990 and was the first established senior living facility in Union County. All residents have private rooms (160 square feet to 622 square feet) with a spacious living area, exterior entry, balcony/patio, and full bathroom. An experienced management team operates this Senior Living facility with a tenured staff. This is a rare opportunity to own a turnkey facility that has thrived since 1990. It offers residents over eight-floor plans to help them create a living space that suits their needs. All rooms are private and include a full bathroom, outdoor living space, and private entry. Furnishing packages are available to all residents. The campus design features maximize the opportunity for the residents to thrive and live their best life. Each resident has their own indoor and outdoor space for living. Building #5, constructed in 2019, is the newest facility that features many of the latest innovations to improve the quality of life for senior living facilities. These features include room monitoring, zero-entry showers, handicap-accessible grab bars, individual room thermostats, premium lighting, noise-reducing insulation, and carpet. Some of Georgia’s best residents have made this their home.

ID#010835   Approximate Beds/Units:  64     Location:  Johns Creek

Another firm is pleased to introduce a 59 Residential Unit Assisted Living Facility. One building has 3 stories and was built in 1997 on 1.92 acres. The facility is in a great location centrally located in Johns Creek Georgia. The area features premier healthcare facilities, restaurants, shopping, parks, and museums nearby including a nature reserve and Chattahoochee River access.