AUGUSTA, Ga. — CBRE National Senior Housing has arranged the sale of Thrive at Augusta, a Class A assisted living and memory care community.
Located in the heart of Augusta, the 85-unit community was built in 2019 and was fully occupied at the time of sale.
Drake Real Estate Partners sold the asset to Inspired Healthcare Capital. While the price was not disclosed, CBRE also arranged $16.8 million in acquisition financing for the buyer.
CBRE National Senior Housing’s investment sales team members Aron Will, John Sweeny Jr., Garrett Sacco and Scott Bray represented Drake in the sale.
CBRE National Senior Housing’s debt and structured finance team consisting of Will and Adam Mincberg arranged the five-year, fixed-rate acquisition loan from a national life insurance company with 36 months of interest-only payments.
Post-acquisition, Thrive Senior Living will continue to manage the community.
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