Atlanta Real Estate News category interest

An Ohio-based nonprofit that specializes in housing and health care services for seniors has acquired an Atlanta property.

National Church Residences recently acquired Parish Grove, formerly The Cathedral Towers, from The Cathedral of St. Philip.

Located on Peachtree Road in the heart of Buckhead, Parish Grove is a 14-story affordable senior housing community with 195 one-bedroom units, each approximately 650 square feet. Built in 1979, the community has two elevators, a central laundry room, multiple common space amenities, an outdoor garden and office spaces.

The acquisition increases the National Church Residences portfolio to 17 affordable senior housing communities in Atlanta. The organization now has a total of 2,218 affordable housing units in the Atlanta region.

“The acquisition of Parish Grove is part of National Church Residences’ growing presence in Atlanta,” President and CEO Susan DiMickele said in a news release. “We’re so pleased to become part of the Buckhead neighborhood, with plans to preserve this affordable senior housing community as acresource for many more generations of residents to come.”

The organization plans to make some improvements to preserve the community, including accessibility enhancements for older adults with disabilities, as well as sidewalk and parking lot improvements.

The Cathedral of St. Philip operated the property as The Cathedral Towers for 45 years, helping providing a supportive living environment as well as services and activities to older adults. The Cathedral of St. Philip will continue to support activities at Parish Grove as part of its ministry, according to the announcement.

“The Cathedral of St. Philip is excited to partner with National Church Residences on the Cathedral Towers/Parish Grove community,” said Rev. Canon George Maxwell, Vicar. “National Church Residences brings expertise and experience necessary to continue the tradition of care that the community has enjoyed and the ability to perform the renovations that the facility requires.”

He said the funds from the transaction will be used to create a special fund dedicated to improving access to and the affordability of housing, along with support services, for low-income seniors.