CR Properties and Claiborne Senior Living has sold The Claiborne at West Lake (Georgia) and secured $9 million of construction financing for The Claiborne at Brickyard Crossing (South Carolina).
The Claiborne at West Lake is a 100-unit assisted living and memory care community located in Augusta, Georgia. The community opened in late 2018 and was approaching 90 percent occupancy at the time of sale. The community was sold to Sabra Health Care REIT. Claiborne Senior Living will continue to manage the community for Sabra.
In a separate transaction that closed in Q4 of 2020, JLL arranged mezzanine financing for the development of The Claiborne at Brickyard Crossing seniors housing community in the Charleston, South Carolina metropolitan area. JLL secured the loan through Locust Point Capital.
The Claiborne at Brickyard Crossing will be the 10th seniors housing community developed by CR Properties. The community will provide a continuum of care with 78
