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.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.