(To read more on the multifamily market, click here.)
LOGANVILLE, GA-Royal Senior Care LLC of North Miami Beach, FLhas spotted a seniors housing development niche market 40 milesnortheast of Downtown Atlanta and has purchased a 17.82-acre parcelfor what local brokers tell GlobeSt.com is a premium price.
Royal Senior Care paid Southern Plantation Development $4.5million, or about $252,525 per acre ($5.80 per sf), for the tractnext to the Southern Plantation seniors housing community itpurchased in September. The developer plans to build one-bedroomand two-bedroom villas at Gardens at Southern Plantation, AllenMcMurtry of Tampa, FL-based CLW Health Care Services Group, tellsGlobeSt.com. McMurtry negotiated for the seller.
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