Bridge Investment Group has sold Summer Breeze, a 79-unit independent living, assisted living and memory care community on Wilmington Island in Savannah, Ga., for $18 million.
A 1031 investor acquired the property.
Summer Breeze offers 28 independent living, 39 assisted living and 12 memory care units. Residents can take advantage of the community’s restaurant-style full-service dining; full-service salon; community library; in-house physical, occupational and speech therapies; activity program; scheduled transportation and weekly housekeeping services. The community was 95 percent occupied at closing.
Located on Wilmington Island, an affluent suburb located approximately 10 miles southeast of downtown Savannah, Summer Breeze is adjacent to the Wilmington Island Club and the Sail Harbor Marina and Boatyard. Residents enjoy easy access to Tybee Island’s restaurants, piers and beaches, as well as other local destinations, including the Fort Pulaski National Mo
