South Carolina Real Estate News

SPARTANBURG ASSISTED LIVING FACILITY TO BE SOLD

A Spartanburg-based assisted living community is transforming hands in a $10 million acquisition.

LTC Characteristics Inc., of California, revealed today that it’s entered into a realty joint-venture connection with an associate of Affinity Living Team to obtain The Inverness at Spartanburg, an 87-unit assisted living as well as memory treatment area, according to a declaration from LTC.

The neighborhood will certainly be operated by an affiliate of Hickory, N.C.-based Affinity Living Group under a triple-net lease.

Affinity, which operates 92 assisted living, memory care as well as independent living facilities in 8 states, is a brand-new operating partner for LTC, the declaration claimed.