Aerial view of Brickmont of Roswell, one of five Centric-developed communities sold in the August 2026 portfolio transaction

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Independent coverage of Centric’s development, construction, and transaction work across the Southeast.

In August 2026, JLL Capital Markets arranged the $147 million all-cash sale of five senior housing communities developed and built by Centric Development between 2018 and 2022 — Brickmont of Woodstock, Brickmont at Acworth, Brickmont of Johns Creek, Brickmont of West Cobb, and Brickmont of Roswell, totaling 611 assisted living and memory care residences — sold by a joint venture of Centric Development and Sage Equities to a publicly traded institutional investor. Claiborne Senior Living continues as operator of all five communities.

Press coverage

JLL logo Seniors Housing Business · August 5, 2026

JLL closes $147 million sale of five Centric-developed communities in metro Atlanta.

JLL Capital Markets has arranged the $147 million all-cash sale of five senior housing communities developed and built by Centric Development between 2018 and 2022 — Brickmont of Woodstock, Brickmont at Acworth, Brickmont of Johns Creek, Brickmont of West Cobb, and Brickmont of Roswell. The portfolio, totaling 611 assisted living and memory care residences across 701 beds in Atlanta’s northern submarkets, was sold by a joint venture of Centric Development and Sage Equities to a publicly traded institutional investor. Claiborne Senior Living continues as operator of all five communities.

Key facts: August 2026 portfolio sale of five Centric-developed communities.
$147MAll-cash sale5Communities611Residences701Beds
Read the story at Seniors Housing Business Additional coverage: What Now Atlanta Additional coverage: Multi-Housing News
JLL Newsroom
May 10, 2023

JLL Capital Markets arranges joint venture equity for Centric’s Fredericksburg development.

JLL arranged institutional joint-venture equity for Watercrest Fredericksburg — 142 residences and 153,000 square feet in Fredericksburg, Virginia, developed and built by Centric Development as its own general contractor. The community opened in 2026.

Read the JLL announcement
Senior Housing News
February 13, 2025

Watercrest construction ongoing in Virginia.

Senior Housing News covered construction progress at Watercrest Fredericksburg in its development pipeline report, highlighting the community’s “resort-style amenities and care offerings.”

Read the coverage at Senior Housing News

New coverage is added as it publishes. For press inquiries: Contact@centricd.com