Chicago, IL (June 1, 2017)
Birchwood Health Care Properties, LLC (“Birchwood HCP”) is pleased to announce the acquisition of a 60 bed, memory care community located in Forest Park, Georgia.
Birchwood HCP intends to deploy approximately $400,000 in renovations to improve the community through new painting, flooring, furniture, lighting, common area redesign, and various exterior improvements.
Governor’s Glen will be operated by Dennis Stamey, Dr. David Lovell, and Rob Fouse of Canopy Lifestyles. Canopy is an experienced operator founded in 2013 and is based out of Georgia.
Birchwood HCP is a Chicago-based health care real estate private equity firm with a primary focus on senior housing and nursing home communities. With deep industry relationships, access to capital and entrepreneurial structuring capability, Birchwood intends to capitalize on the highly fragmented and dynamic nature of the industry through ongoing acquisitions and development. The investment in Forest Park, GA represents Birchwood’s 22nd asset, all of which were acquired in just over the past two years.