A 167-unit senior living campus south of Atlanta changed hands this week in a deal pegged at nearly $50 million, giving Fayetteville’s seniors community a new landlord and a new name. The community long known as Heartis Fayetteville will now operate as Village Park Fayetteville and will continue to offer independent living, assisted living and a memory care unit. The purchase also includes adjacent land for future expansion on the campus, giving the new owners room to add amenities or additional buildings. Management is describing the change as a phased operational transition rather than an overnight overhaul of care services.
As reported by CoStar, the transaction values the campus at nearly $50 million. CoStar’s account, published May 18, 2026, first highlighted the deal and the renaming of the property to Village Park Fayetteville, framing the sale as part of continued institutional interest in suburban senior housing around Atlanta.
Who Bought It, Who Runs It, And The New Name
Berkadia, which marketed the asset, said Washington, D.C.-based Capitol Seniors Housing led the partnership that acquired the community and that Atlanta-based Galerie Living will operate it under the Village Park brand. Berkadia’s release identifies the property as a 167-unit, Class A community built in 2018 that offers a full continuum of care, including independent living, assisted living and memory care. The broker also noted that the sellers were a joint venture between Caddis Partners and Singerman Real Estate and that the sale included extra land for possible campus expansion.
Where The Campus Sits
The community is listed at 936 W Lanier Ave in Fayetteville and occupies parcels recorded in public listings for the Fayette/Coweta County submarket. LoopNet’s property record for 936 W Lanier Ave shows the site and parcel data and indicates the lot size and APN assigned to the campus. That public record underscores how the site’s acreage gives the new owners flexibility to add services or buildings without seeking off-site expansion.
Why Investors Are Circling Senior Housing
Institutional buyers are increasingly active in senior housing as demographic trends and tight new construction have strengthened conditions for stabilized, higher quality properties. A recent SEC filing and investor presentation from Sonida Senior Living cited NIC MAP Vision data showing growth in the 80-plus cohort and a pullback in new unit starts, trends investors point to when underwriting Class A seniors assets. Those sector dynamics help explain why buyers like the partnership behind this Fayetteville purchase are targeting suburban campuses.
What Residents And Families Should Expect
Galerie Living, the Atlanta operator slated to manage the community, highlights a hospitality-forward approach across its Village Park collection and has been expanding regionally. The operator’s public profile indicates an emphasis on design and service continuity, which suggests residents are likely to see branding and amenity updates roll out over time while existing care programs continue. Families with questions about contracts, staffing or programming are being directed to contact the community directly during the handover process.
Deal Timing And What Comes Next
Berkadia’s announcement was posted in mid May 2026, and the broker said the transaction has closed to the partnership led by Capitol Seniors Housing. Local observers will be watching for signage and marketing to switch over to the Village Park name and for any announced plans to use the extra land on the campus. For now, the owners and the new operator say the focus is on a smooth transition that preserves resident care while updating the community’s brand and amenities.
