News
Brookdale Buys Up Chartwell's GA Facilities
March 13, 2014
Brookdale Senior Living has purchased two senior housing facilities that it has actually been operating for some time. (They liked it so they put a contract on it.) Brookdale bought two Horizon Bay communities in Rome and Carrollton from Canada-based Chartwell Retirement Residences. It was part of a seven-property portfolio sale that included properties in Arizona, Alabama, and Oklahoma as well for a total of $52M. We chatted with Grandbridge Real Estate Capital's Ben Dupree, who's company helped cobble the deal together, and says Brookdale assumed $44M in Freddie Mac debt and placed an $8.1M new loan on one of the properties in the transaction with Chartwell.
