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MARTINSVILLE, Va. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Blue Ridge Nursing & Rehabilitation Center, a 300-bed skilled nursing facility in Martinsville, for $28.5 million.
The adjacent assisted living community is also included in the transaction, but is awaiting approval for the assumption of the existing HUD-insured debt.
The affiliated operator of the seller, Sovran Management, will continue to manage the communities through a long-term lease with the new owner, which was not identified.
Bradley Clousing and Patrick Burke of SLIB handled the transaction.