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RICHMOND, Va. — Berkadia has arranged the sale of a 77-unit assisted living and memory care community in Richmond.
The seller was a publicly traded REIT. A private equity group acquired the property for an undisclosed price and has installed Commonwealth Senior Living as the operator.
The new owner plans to implement a renovation plan, scheduled for completion in the first quarter of 2025.
Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders led the Berkadia team.