Founders Investment Banking, LLC is pleased to announce that Foundation Sale Leaseback Fund I has completed the disposition of the Maplewood Ridge assisted living facility. The facility, which is located in Pelham, Alabama, will continue to be net leased and operated by Mature Options Eldercare, a provider of assisted living services to senior citizens within the state of Alabama. The buyer, a New York-based private equity group, will operate as Pelham Net Lease, LLC. Founders Investment Banking, LLC advised the seller’s manager, Foundation Fund Management, LLC, on the disposition.
About Foundation Sale Leaseback Fund I
The Foundation Sale Leaseback Fund I is an investment vehicle dedicated to purchasing net leased commercial and industrial properties throughout the Southeast. It is currently seeking acquisitions of net leased single tenant properties of $1-$5 million in value. The fund is managed by Birmingham based Foundation Fund Management, LLC.