ATLANTA—Healthcare real estate is trading north and south. Facilities in Atlanta and Central Florida just sold.

Greystone's Real Estate Advisors group just closed the sale of two seniors housing communities in the Atlanta. The sale price: $10.8 million.

Pacifica Companies sold the 90-unit senior housing portfolio to a publicly-traded REIT. The portfolio includes Dunwoody Senior Living, a 58-unit assisted living and memory care facility in Dunwoody, GA, and Roswell Senior Living, a 32-unit memory care facility in Roswell, GA. Both communities are in affluent Atlanta submarkets.

“With such strong locations for both communities, and in combination with their new and renovated units and amenities, this portfolio of assisted living and memory care properties garnered multiple offers from a variety of interested buyers," Mike Garbers, a managing director of Greystone. The firm specializes in healthcare real estate.

Further south, Bristol Court, an assisted living facility specializing in memory care, sold $8.4 million. Built in 1960 and completely renovated in 2011, the healthcare real estate has 70 units and 115 beds. It is 89% occupied.

CTR Partnership, a REIT focusing on senior housing assets, purchased the facility from SPALF Holdings. Kenneth Carriero, senior vice president, and Damien Carriero, associate vice president of Colliers International National Seniors Housing Group, handled the deal.

Bristol Court is located at 3479 54th Avenue North in Saint Petersburg, FL. The 35,474-square-foot memory care facility is one of the largest in Florida and sold for $120,339 per unit, $73,250 per bed.

Bristol Court was specially designed by health care experts to focus on safety and security, while promoting maximum independence. Although most assisted living facilities include a small memory care component, Bristol Court is focused entirely on caring for residents with memory loss due to normal aging, Alzheimer's disease, or other forms of dementia.

“Our biggest challenge for this transaction was locating the right buyer for this size of a memory care facility,” says Carriero. “Most assisted living facilities offer memory care to about 20% of the residents, while Bristol Court focuses entirely on providing memory care.”