Alto Johns Creek is a newly built (2024 opening) Class-A Assisted Living and Memory Care community located in Johns Creek, GA (Atlanta MSA). MedCore closed on the acquisition of Johns Creek in September 2024 with a new ownership structure that provides liquidity to the project through fixed rate debt from existing lender and operating and debt service reserves from new investors. In accordance with the original business plan, MedCore elected to replace the current operator with a more experienced senior living operator, Allegro Senior Living. Alto Johns Creek marks the fourth (4th) property acquired by MedCore and managed by Allegro in the southeast.
