{"id":1579,"date":"2019-02-08T10:30:49","date_gmt":"2019-02-08T15:30:49","guid":{"rendered":"https:\/\/www.meyer.media\/?p=1579"},"modified":"2019-02-08T09:04:57","modified_gmt":"2019-02-08T14:04:57","slug":"cushman-wakefield-negotiates-48-4m-sale-of-south-carolina-assisted-living-portfolio","status":"publish","type":"post","link":"https:\/\/www.meyer.media\/2019\/02\/08\/cushman-wakefield-negotiates-48-4m-sale-of-south-carolina-assisted-living-portfolio\/","title":{"rendered":"Cushman & Wakefield Negotiates $48.4M Sale of South Carolina Assisted Living Portfolio"},"content":{"rendered":"
\"Spring<\/a>
Spring Park<\/figcaption><\/figure>\n

Paul Carr, David Kliewer and Allen McMurtry Represented Graycliff Capital Senior Housing, LLC in the Sale of Three Assisted Living and Memory Care Facilities in the Upstate Region<\/em><\/strong><\/p>\n

GREENVILLE, SC, February 8, 2019<\/strong> \u2014 Cushman & Wakefield<\/a> has negotiated the sale of three assisted living and memory care communities totaling 198 units in the Greenville, SC, metro area.<\/p>\n

The Tampa, FL-based Cushman & Wakefield Senior Housing team of Paul Carr<\/a>, David Kliewer<\/a> and Allen McMurtry<\/a> represented Greenville-based Graycliff Capital Senior Housing, LLC<\/a> in the disposition. Birmingham, AL-based Atlas Senior Living<\/a> acquired the properties for $48.4 million ($244,444 per unit).<\/p>\n

The portfolio includes three assisted living and memory care facilities in South Carolina\u2019s Upstate region \u2014 Spring Park, constructed in 2014 at 925 North Main Street<\/a> in Travelers Rest; Fairview Park, developed in 2015 at 544 Harrison Bridge Road<\/a> in Simpsonville; and Oakview Park, built in 2016 at 110 Hood Road<\/a> in Powdersville.<\/p>\n

\u201cGraycliff strategically developed this portfolio within the Greenville market to avoid overlap, capture economies of scale and allow each asset to effectively meet market demand,\u201d said Carr. \u201cAs a result, these communities are uniquely positioned to capitalize on Greenville\u2019s exceptional growth and thriving economy.\u201d<\/p>\n

Each community in the portfolio comprises 66 total units, including 48 assisted living units and 18 memory care units. The properties offer a resident-friendly, single-story design with high-quality finishes. The communities were over 95% occupied at the time of sale.<\/p>\n

The opportunity for future expansion exists at each property. Additional units could be added on-site at Oakview Park, while adjacent, developable parcels were included in the sale of Fairview Park (\u00b14.7 acres) and Spring Park (\u00b115.9 acres).<\/p>\n

\u201cGraycliff and Atlas were an ideal pairing for this transaction, and both did a tremendous job of working towards a smooth closing and operational transition at each community,\u201d added Kliewer.<\/p>\n

About Cushman & Wakefield<\/strong><\/p>\n

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit\u00a0www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.<\/p>\n

Media Assets<\/strong><\/p>\n

Spring Park Photo<\/a>
\nPaul Carr Headshot<\/a>
\nDavid Kliewer Headshot<\/a>
\nAllen McMurtry Headshot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield has negotiated the sale of three assisted living and memory care communities totaling 198 units in the Greenville, SC, metro area.<\/p>\n","protected":false},"author":1,"featured_media":1571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[2222,2219,2216,593,2208,2214,772,49,4,595,448,700,376,2218,29,2213,2212,2209,2221,594,2223,35,369,2220,2210,2215,2217,2211],"class_list":["post-1579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-110-hood-road","tag-544-harrison-bridge-road","tag-925-main-street","tag-allen-mcmurtry","tag-assisted-living","tag-atlas-senior-living","tag-brokerage","tag-commercial-real-estate","tag-cushman-wakefield","tag-david-kliewer","tag-development","tag-disposition","tag-expansion","tag-fairview-park","tag-florida","tag-graycliff-capital-senior-housing-llc","tag-greenville","tag-memory-care","tag-oakview-park","tag-paul-carr","tag-powdersville","tag-sale","tag-senior-housing","tag-simpsonville","tag-south-carolina","tag-spring-park","tag-travelers-rest","tag-upstate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.meyer.media\/wp-content\/uploads\/2019\/01\/spring-park-photo.jpg?fit=3000%2C1571&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p79IL5-pt","_links":{"self":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/comments?post=1579"}],"version-history":[{"count":1,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1579\/revisions"}],"predecessor-version":[{"id":1580,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/1579\/revisions\/1580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media\/1571"}],"wp:attachment":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media?parent=1579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/categories?post=1579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/tags?post=1579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}