EATONTON, Ga. — Senior Capital Advisors has arranged the sale of Harbor at Harmony Crossing, a 60-unit assisted living and memory care community in Eatonton, about 75 miles southeast of Atlanta.
A joint venture of Care Investment Trust and Royal Senior Care bought the community for $15.5 million, or $258,333 per unit. Senior Capital Advisors represented the seller, a local developer.
The community opened in November 2014 and reached stabilization by the end of 2015. Royal Senior Care assumed management of the property at closing.
In addition to the existing property, the joint venture also purchased an adjacent 1.46-acre parcel, which will be developed into a 24-unit memory care addition. The land was purchased for $525,000, or $21,875 per buildable unit.
Bruce Gibson, principal, led the Senior Capital Advisors team.