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ACWORTH, Ga. — Senior Living Investment Brokerage has arranged the sale of The Overlook at Cedarcrest, a 38-unit assisted living community in the northwestern Atlanta suburb of Acworth.
Senior Housing Properties Trust (NYSE: SNH) bought the community from an undisclosed seller for $8.4 million. Five Star Senior Living will operate the community.
The building was constructed in 2014, and the developers listed the community for sale once stabilization was reached.
Bradley Clousing and Jeff Binder of Senior Living Investment Brokerage facilitated the transaction.