Heavenrich Announces Groundbreaking Of Assisted Living And Memory Care Facility In Athens, Georgia

Chicago, IL, August 27, 2014 – Heavenrich & Company announced the groundbreaking of a $13 million, 70-unit, assisted living and memory care facility in Athens, Georgia, approximately 50 miles east of Atlanta. The Village at Athens facility will feature luxuriously appointed resident apartments, a spa, beauty salon, fitness center, doctor’s office, movie theater and multiple courtyards. It will be operated by Thrive Senior Living with Summit Healthcare REIT as development partner.

 Athens is a vibrant city and is home to University of Georgia. The new facility will be located in Thrive’s backyard and will give the management company a showpiece location.

Heavenrich & Company serves as exclusive advisors to a $100 million equity fund dedicated to new construction of senior housing. Through its fund, Heavenrich provided both debt and equity for the operator and the non-publicly traded REIT. For 20 years, Heavenrich & Company has served as financial advisors to independent living, assisted living, Alzheimer and skilled nursing organizations. Based in Chicago, Heavenrich has advised public and privately held for-profit and non-profit healthcare organizations in mergers, acquisitions and finance.

For more information on this transaction call Adam Heavenrich at 312.558.1590.