Sale of independent living community in Columbia, SC, closes
JLL Capital Markets arranged the sale for the 187-unit Discovery Village at Sandhill
COLUMBIA, S.C., Feb. 15, 2022 – JLL Capital Markets announced today that it has closed the sale of Discovery Village at Sandhill, a 187-unit independent living seniors housing community in Columbia, South Carolina.
JLL marketed the property on behalf of the seller, South Bay Partners, LLC. Liberty Senior Living, LLC acquired the property and took over operations following the closing of the transaction. The property has been renamed to Inspire Sandhill.
Completed in 2019, Inspire Sandhill features one-, two- and three-bedroom units averaging 981 square feet. Unit amenities include full kitchens with granite countertops, washers and dryers, walk-in closets and individually controlled thermostats. The community features a putting green, academic lecture hall, spa and salon, fitness center, movie theater, multiple dining venues and an indoor/outdoor resort style pool.
Located on 8.39 acres, Inspire Sandhill is near local entertainment hubs, including Columbia Marionette Theater, South Carolina Shakespeare Company, The Columbia Museum of Art, Finlay Park and The Columbia Metropolitan Convention Center. In addition, the community is near an extensive number of local educational institutions including University of South Carolina, Allen University, Benedict College, Columbia College, Columbia International University and more.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Charles Bissell and Cody Tremper.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About South Bay Partners
South Bay Partners is one of the most highly respected senior living developers in the United States and has completed over 10,000 senior living units nationwide with a total cost of over $1 billion. In its 24-year history, South Bay Partners has experience developing all senior living product types including senior apartments, independent living, assisted living, memory care and skilled nursing.
About Liberty Senior Living
Liberty Senior Living, LLC, is a division of Liberty Healthcare Group. Based in North Carolina and established in 1875, Liberty Healthcare Group is an experienced, family-owned company that has been assisting people to manage their healthcare and residential needs for over 145 years. Liberty Senior Living owns and manages a variety of senior living communities in the Southeast region of the United States.