Walker & Dunlop Arranges $165M Sale of Senior Living Portfolio in Atlanta
Walker & Dunlop has arranged the $164.5 million sale of The Mansions Portfolio, a four-community independent living portfolio in Atlanta.
Located in the Atlanta MSA, The Mansions Portfolio consists of 559 independent living units across four class A communities. The communities, which are located within 30 miles of one another, provide residents with a competitive amenity set, some of which include restaurant-style dining rooms, fitness centers, landscaped grounds, in-unit washers and dryers, and easy to navigate floorplans. The communities were constructed between 2016 and 2020.
Joshua Jandris, Mark Myers, Jordyn Berger and Brett Gardner of Walker & Dunlop represented the undisclosed seller in the transaction. The buyer was Focus Senior Housing Fund I LP, a discretionary investment vehicle managed by an affiliate of Focus Healthcare Partners LLC. In addition, Russell Dey of Walker & Dunlop’s Seniors Housing Finance team arranged three loans through Freddie Mac in conjunction with the acquisition of the property.