Monday, June 30, 2008

Georgia Senior Housing Property Sells for $55.6M


TAMPA, FL --CLW Health Care Services Group is pleased to have represented Coastal Community Retirement Corporation in the sale of Marsh’s Edge, (top right photo) a premier Entrance Fee Continuing Care Retirement Community located in St. Simons Island, Georgia. (Lighthouse photo middle left)

The 75-acre campus is comprised of:

• 30 Cottage Homes
• 110 Independent Living Apartments
• 52-unit Health Center (Assisted Living, Alzheimer’s and Skilled Nursing)

The purchase price was $55,600,000 ($289,583 per unit).

CLW Health Care Services Group is a division of CLW Real Estate Services Group, a national, commercial real estate firm providing investment sales, multi-market tenant representation, project management, and construction services throughout the United States. CLW Health Care Services Group specializes in exclusively representing sellers throughout the United States in the sale of Senior Housing properties. CLW has sold over one billion dollars in Senior Housing assets.

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