Centric Development and Sage Equities have completed the sale of a five-property senior housing portfolio in Atlanta, with the transaction totaling $147 million. The buyer was not identified in the announcement, but the new owner has chosen to keep Claiborne Senior Living in place as the operator for the communities, providing continuity for residents and staff.
The portfolio comprises 611 units and 701 beds dedicated to assisted living and memory care. Centric Development built the communities between 2018 and 2022, resulting in a collection of relatively new properties that reflect current design and amenity standards for seniors housing. The unit mix spans companion suites, studios, one-bedroom residences and two-bedroom layouts, offering a range of options for different care needs and price points.
Amenities across the portfolio are positioned to support both lifestyle and care requirements for residents. The communities feature restaurant-style dining rooms along with private dining spaces, allowing for both daily service and special occasions. On-site entertainment and social spaces include movie theaters, bistros and bars, art studios and game rooms. Outdoor areas are programmed with landscaped courtyards and fountains, creating additional common areas for gatherings and activities.
JLL’s National Seniors Housing Capital Markets team advised on the transaction. The team was led by Jay Wagner, Rick Swartz, Aaron Rosenzweig, Tim Hosmer and Erik Von Hamm, with additional support from Anthony Fertitta, Joel Mendes and Peter Yorck. Their efforts focused on marketing and executing the sale of the multi-asset portfolio within the Atlanta seniors housing market.
According to Wagner, the assembled portfolio represented an opportunity for an investor to acquire five recently constructed, high-quality properties at pricing below estimated replacement cost in what he described as affluent submarkets around Atlanta. The combination of relatively new construction, a broad amenity set and established operations under Claiborne Senior Living was highlighted as a key part of the investment thesis for the undisclosed buyer.
The transaction underscores ongoing investor interest in assisted living and memory care properties that pair modern physical plant characteristics with specialized operating platforms. By retaining the incumbent operator, the buyer appears to be emphasizing operational stability while assuming ownership of a scaled, institutionally developed portfolio concentrated within a single major metro area.
