[Houston, Texas, November 29, 2022]
CBRE National Senior Housing, completed the
sale and acquisition financing, for
Thrive at Augusta, a Class “A” Assisted Living and Memory Care community (the “Community”).
Located in the heart of Augusta, GA, the Community is the premier senior housing asset in the affluent Columbia submarket, the most desirable area within the Augusta MSA. Built in 2019, the 100% occupied Community contains 85 total Assisted Living and Memory Care units and has been a strong performing asset since opening. The Community features a library, a game room, and beautiful walkways, among other first-class amenities.
CBRE National Senior Housing’s Investment Sales team members
Aron Will, John L. Sweeny, Jr., Garrett Sacco and
Scott Bray represented
Drake Real Estate Partners (the “
Seller”
or “
Drake”), a New York based real estate investment and asset management firm.
Drake has completed over $1.8 billion in transactions to date and has invested across a variety of geographies and property types, including multifamily, industrial, office (including medical office and creative office), self-storage, senior housing, retail, and hospitality.
CBRE National Senior Housing’s Debt & Structured Finance team consisting of
Aron Will and
Adam Mincberg arranged
acquisition financing on behalf of
Inspired Healthcare Capital (the “
Buyer” or
“IHC”).
CBRE secured a
5-year, $16.8MM fixed rate loan from a
national life insurance company with
36 months of interest only.
IHC is a private equity firm that specializes in senior housing investments.
IHC currently manages multiple private equity funds that are focused on senior housing real estate assets.
IHC raises equity through the broker-dealer network via financial advisors and has built a strong reputation in the industry as being the senior housing experts.
IHC manages a growing portfolio of assets valued in excess of $800 million located nationwide.
IHC currently has ownership interests in 22 senior housing assets across 10 states totaling nearly 1,400 units.
Post-acquisition, the Community will continue to be managed by
Thrive Senior Living (
“Thrive”), who has managed the Community since inception. Headquartered in Atlanta, GA,
Thrive is a privately held developer/owner/operator of senior housing communities that currently owns/operates 8 projects across Alabama, Georgia, New Jersey and Texas.
CBRE was the #1 Fannie Mae Senior Housing Lender in 2019 and 2016. From 2014 through 2021, CBRE originated $10 billion in senior housing debt across 425 assets. CBRE completed $17.3 billion in combined senior housing investment sales and loan originations from 2014 through 2021. In 2017, CBRE was the #1 senior housing capital intermediary in the country. CBRE has been a Top 3 senior housing originator in the country from 2015 through 2020. CBRE was the #1 GSE lender in the nation in 2021 with over $14 billion in Fannie Mae, Freddie Mac, and HUD originations.
- #1 Fannie Mae Senior Housing Lender in 2019 and 2016
- #2 Senior Housing Freddie Mac Lender in 2021
- $10 Billion in senior housing debt originations in 2014 through 2021 across 425 assets
- #1 Senior Housing Intermediary in 2017
- Top 3 Senior Housing Lender 2010-2020*
- #2 Senior Housing Freddie Mac Lender in 2021
- #1 Agency originator in the nation in 2021: Over $14 billion in originations
- Over $20 billion in Agency originations in 2020
- #1 Freddie Mac Lender in 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020
- #2 Fannie Mae Lender in 2020 and 2021
- $17.3 Billion in combined senior housing investment sales & debt originations from 2014 through 2021
- Fannie Mae, Freddie Mac, HUD FHA, Mezzanine & Construction Debt Placement
*As per the Mortgage Bankers Association
