A local assisted living and memory care community has been sold for an undisclosed amount.
Last month, Inspired Healthcare Capital, an Arizona-based private equity real estate firm, purchased Thrive at Augusta from Drake Real Estate Partners, a New York-based investment firm, according to an article from Seniors Housing Business.
CBRE Senior Housing, a commercial real estate investment firm, arranged the sale of the 85-unit property located at 313 Furys Ferry Road in Martinez.
“Thrive Senior Living will continue to manage the community,” the article said.
Thrive at Augusta President, Melita Winnick said she doesn’t think the sale will bring any changes to the facility.
“It was just a change of investors,” Winnick said. “Thrive continues to operate with all the same people and processes.”
Brianna Poplaskie with BRAVE Public Relations in Atlanta also provided a statement regarding the sale.
“This transfer does not affect the daily relationship with the team, residents, and families at Thrive at Augusta,” Poplaskie said.
The 62,000-square-foot facility opened its doors in Sept. 2019. Thrive held a third-anniversary celebration on Sept. 30. Founded in Atlanta in 2008, Thrive has communities in not only Georgia but also Alabama and New Jersey.
For more information about Thrive at Augusta, visit thrivesl.com/augusta/.
