Business News Rennaisance bldg

Published on January 26th, 2016 |

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Renaissance on Peachtree seniors community sells for $78.6 million

American Realty Capital Healthcare Trust III LLC, a healthcare REIT, has purchased Renaissance on Peachtree, a 229-unit independent living and assisted living community in Buckhead for $78.6 million.

The seniors housing community, located at 3755 Peachtree Road, was 94 percent occupied at the time of sale.

Lisa Widmier and Matthew Whitlock of CBRE Capital Markets’ National Senior Housing team represented the seller, a joint venture between The Carlyle Group and Formation Development Group, in the transaction.

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