ARC Acquires Seniors Housing Community in Atlanta for $78.6M

ATLANTA — American Realty Capital Healthcare Trust III LLC (ARC), a healthcare REIT, has purchased Renaissance on Peachtree, a 229-unit independent living and assisted living community in Atlanta’s Buckhead district, for $78.6 million. 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. The seniors housing community was 94 percent occupied at the time of sale.