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VALDOSTA and NASHVILLE, Ga. — Senior Living Investment Brokerage has arranged the sale of two assisted living communities in Georgia to Omega Healthcare Investors (NYSE: OHI) for $20.2 million.
The transaction was structured as a sale-leaseback deal, so the undisclosed seller will continue to operate the communities.
The properties are a 109-unit community in Valdosta, sold for $17.5 million, and a 26-unit community in Nashville, sold for $2.7 million. Both are located in southern Georgia near the Florida border.
Bradley Clousing led the Senior Living Investment Brokerage team.