Trinity Lifestyles Management assisted living community, Dogwood Forest of Acworth which was completed in 2014, recently celebrated 100% occupancy for the second time in less than two years after it’s grand opening. The assisted living and memory care community was the seventh community to join the Atlanta based brand Dogwood Forest.
The 92 unit community consisting of 68 assisted living and 24 memory care had 50% of its apartments preleased before opening. The community was full by August 2015. The community has also outperformed in other fiscal areas. The projected development budget for the project was $21,765,086 and was developed $2.8 million under the projected budget. Projected budget for 2016 revenues was $5,401,404 and annualized results from January – April 2016 was $5,408,043. The original basis was $18,993,452 and is currently under contract to be sold for $34,250,000.
The 93 unit, three story, 87,000-square-foot property opened in July 2014. Consistent with the Dogwood Forest brand and Trinity Lifestyles Managed communities, Dogwood Forest of Acworth offers an array of services and amenities in a senior conscious living environment created to produce positive outcomes in the residents who live there. In addition to offering both assisted living and memory care services, the community’s other offerings includes respite stays, adult day services, and post-operative care.
Currently, a 181 unit Independent Living community is slated to begin construction fall 2016 on the same campus and will join The Holbrook Independent Living family of IL communities.
About Trinity Lifestyles Management:
Trinity Lifestyles Management is an Alpharetta, Georgia based assisted living management company. With a conscious effort to inspire the mind, body and spirit of its residents, Trinity strives to create senior living environments that produce positive outcomes in the health and lives of seniors. It’s motto is “a better living environment leads to a better life.” The company manages a total of seven Assisted Living communities across metro Atlanta under the Dogwood Forest portfolio and one Independent Living community under The Holbrook brand.