JLL arranges $147M sale of Atlanta MSA seniors housing portfolio

BOSTON, Aug. 4, 2026 –  JLL Capital Markets announced today that it has arranged the $147 million sale of five Class A seniors housing communities in northern Atlanta submarkets to an experienced public-traded traded institutional investor in an all-cash transaction.

JLL’s National Seniors Housing Capital Markets team represented the seller, a joint venture between Centric Development and Sage Equities. The buyer is retaining the incumbent operator, Claiborne Senior Living, to manage the communities.

The portfolio consists of 611 units and 701 beds of assisted living and memory care developed by Centric Development between 2018 and 2022. The properties offer modern finishes and contemporary amenities that reflect current market preferences and lifestyle demands. Units feature kitchenettes with granite countertops, stainless steel appliances, 10-foot ceilings, hardwood-like flooring and full-sized closets across a variety of floorplans including companions, studios, one-bedrooms and two-bedrooms. Community amenities include restaurant-style dining, private dining, movie theaters, bistros & bars, art studios, game rooms and landscaped courtyards with fountains.

JLL’s National Seniors Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Senior Director Tim Hosmer and Analyst Erik Von Hamm with assistance from Senior Managing Director Anthony Fertitta, Managing Director Joel Mendes and Senior Managing Director Peter Yorck.

“This portfolio offered a unique opportunity to acquire five high-quality and recently constructed properties below replacement cost in affluent Atlanta submarkets,” said Wagner. “We generated significant investor interest across REITs, private equity groups and senior living operators. Investors were highly interested in the opportunity to gain immediate scale in a target market.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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Sage Equities is a real estate investment firm focusing on US multifamily properties. Since 2002, Uzi Ziv, Sage’s founder and president has been involved in acquiring, developing and managing North American properties in excess of $2.5B in total cost. Sage Equities is mainly focused on three segments of the real estate market in the United States: multifamily acquisitions, multifamily development, and development & management of senior housing. Sage provides full-service investment options to its investors, which include global institutional investors and high net worth families and individuals.

Centric Development is a vertically integrated owner, operator, developer, and general contractor specializing in high-quality, thoughtfully designed seniors housing. Led by David Vickers, Centric manages every phase of a community's life, from site selection and design to capital structuring, construction, and daily operations. That end-to-end capability lets Centric deliver Class A assisted living, memory care, and independent living communities defined by meticulous craftsmanship, refined finishes, and an elevated resident experience. Centric has developed seven communities across Georgia and Virginia, and its leadership team brings institutional depth to every project, having executed more than $26 billion in real estate transactions across the senior, hospitality, multifamily, and retail sectors in 29 different states. For further information, visit centricdevelopment.com

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.