Senior Living Community in Savannah Trades for $18M
JLL has arranged the $18 million sale of Summer Breeze, a 79-unit independent living, assisted living and memory care community on Wilmington Island in Savannah, GA.
Summer Breeze offers 28 independent living, 39 assisted living and 12 memory care units. Residents can take advantage of the community’s restaurant-style full-service dining, full-service salon, community library, in-house physical, occupational and speech therapies, an activity program, scheduled transportation, and weekly housekeeping services. The community was 95% occupied at the time of sale.
Mike Garbers, Cody Tremper and Michael Sivewright of JLL represented the seller, private equity firm Bridge Investment Group, in the transaction. A 1031 investor acquired the property.
- ◦Sale/Acquisition
- ◦Financing