All Press Releases for February 16, 2023
Chicago Pacific Founders Acquires Celebration Village Acworth And Celebration Village Forsyth
Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management, Inc., announce the acquisition of Celebration Village Acworth, located in Acworth, Georgia, and Celebration Village Forsyth, located in Suwanee, Georgia
"We are pleased to expand our portfolio with the addition of these two exceptional communities in the greater Atlanta market," said John Rijos, CPF Living's Chairman, and CEO.
ATLANTA, GA, February 16, 2023 /24-7PressRelease/ -- Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management, Inc., announce the acquisition of Celebration Village Acworth, located in Acworth, Georgia, and Celebration Village Forsyth, located in Suwanee, Georgia.
Celebration Village Acworth and Celebration Village Forsyth will be managed by Grace Management, Inc., a nationally recognized leader in the delivery of senior living management services.
Celebration Village Acworth is located just 30 minutes outside of Atlanta, GA, in the town of Acworth. This quaint and quiet part of Georgia encompasses both an expanse of natural beauty and a burgeoning community of activity. Nicknamed "The Lake City," Acworth is home to Lake Allatoona, Lake Acworth, and the Etowah River, all nestled in the foothills of the North Georgia Mountains. Celebration Village Acworth provides quality independent living, concierge living, assisted living, and memory care amenities and programming and will continue its full spectrum of services to its residents.
Celebration Village Forsyth is located in the charming neighborhood of Suwanee, Georgia, and is conveniently located near Suwanee Town Center Park and Buford Dam, and a short drive away from Atlanta, Georgia. Celebration Village Forsyth also provides quality independent living, concierge living, assisted living, and memory care amenities and programming and will continue its full spectrum of services to its residents.
Additional terms of the deal were not disclosed. Investments in the campus will serve to enhance the quality of life for all stakeholders – including residents, families, associates, andprospective residents across the area.
"We are pleased to expand our portfolio with the addition of these two exceptional communities in the greater Atlanta market," said John Rijos, CPF Living's Chairman and CEO. "We remain committed to providing the highest quality of life possible for all of our residents and honored to support those who choose to make our communities their home."
About Chicago Pacific Founders
Chicago Pacific Founders is a Chicago and San Francisco-based healthcare private equity investment firm. The fund targets investments in healthcare verticals, including senior living and innovative healthcare service-based platforms. CPF Living Communities was launched in 2014 by CPF and co-founding Operating Partner John Rijos, and it is the 30th largest Healthcare Real Estate operator in the United States. CPF is the only investment firm that owns its own specialized property management company, Grace Management, Inc.
About Grace Management, Inc.
Grace Management, Inc. (GMI) was established in 1984 to develop, market, and manage residential communities for seniors. GMI combines sound fiscal and operational management, adherence to ethical standards, and dedication to the long-term satisfaction and quality of life of all residents and associates. Grace Management, Inc. is a subsidiary of CPF Living Communities and is ranked in ASHA's 50 largest seniors housing owners. For more information, please visit: www.GraceManagement.com.
# # #