REBusinessOnline

PEACHTREE CITY SENIORS HOUSING FACILITY SELLS FOR $33M

PEACHTREE CITY, GA. — Marcus & Millichap has brokered the $33 million sale of Towne Club at Peachtree City, a 153-unit seniors housing property in Peachtree City. The property, located at 201 Crosstown Drive, provides independent living and assisted living services. The community was 92 percent occupied at the time of sale. The sales price equates to $215,686 per unit. Mike Pardoll and Michael Fasano of Marcus & Millichap represented the seller, Peachtree City Towne Club LLC, in the transaction.

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