HARAHAN, La., and CHARLOTTESVILLE, Va. — Quality Senior Living Partners (QSLP), a LongueVue Capital portfolio company, has sold two senior living communities: The Blake at Colonial Club in Harahan and The Blake at Charlottesville in Charlottesville. Each community features 118 units of assisted living and memory care. The buyer and price were not disclosed. In 2017, LongueVue partnered with the team of senior living industry executives at QSLP, a Pensacola, Fla.-based developer, owner and operator of upscale senior housing communities, to expand its resort-style communities to underserved markets.
RICHMOND, Va. — Resort Lifestyle Communities (RLC) has opened Tuckahoe Pines Retirement Community, a seniors housing property in Richmond. Development costs were estimated at $30 million for the 180,000-square-foot community. Floor plans include studio, one-, two- and three-bedroom options. The type of care was not disclosed. This is the first RLC location in Virginia.
CHARLOTTESVILLE, Va. — Anthology has opened Anthology of Charlottesville, an independent living, assisted living and memory care community in Charlottesville. The 180,000-square-foot community features 179 apartments. According to a recent report by the U.S. Census Bureau, almost 20 percent of the Albemarle County population has already reached age 65 and older, a number that will continue to climb as the baby boomers age.
WILLIAMSBURG, Va. — Berkadia has arranged the sale of Edgeworth Park at New Town, an 83-unit, 95-bed senior living community in Williamsburg, for an undisclosed price. Tim Cobb and Brooks Minford of Berkadia Seniors Housing & Healthcare completed the transaction on behalf of the seller, Virginia-based Robertson Liebler. The buyer was Connecticut-based Wheelock Street Capital. Solera Senior Living will serve as the new operator. Built in 2017, Edgeworth Park at New Town is a Class A assisted living and memory care community.
RICHMOND, Va. — Enterprise Community Development has completed construction at Baker Senior Apartments in Richmond’s North Jackson Ward neighborhood. The project was a redevelopment projects that transformed the former Baker School, originally built in 1939, into 50 units of seniors housing. Development estimates were $15.8 million. Project partners include Virginia Housing and Richmond Redevelopment & Housing Authority (RRHA). Enterprise worked with RRHA to acquire the property and leveraged Low-Income Housing Tax Credits; state and federal Historic Rehabilitation Tax Credits; tax credit equity provided by Enterprise Housing Community Investments and Sugar …
WILLIAMSBURG, Va. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arrangd the sale of White Oaks at Williamsburg, a 48‐unit memory care facility in Williamsburg. Built in 2015 and opened in early 2017, White Oaks at Williamsburg is a campus with three buildings, 16 units each. The seller is a private investor with seniors housing communities located in the Midwest. This community was determined to be outside of its normal operating region and thus was sold. The buyer is English Meadows Senior Living, a Mid‐ Atlantic …
NORFOLK, Va. — Harbor’s Edge, an independently owned continuing care retirement community in Norfolk, has completed construction of River Tower, a 24-story, 147-unit expansion. Dallas-based architecture firm Three designed the new building, which expands the community’s offerings across the continuum of care — independent living, assisted living, memory care and skilled nursing. In addition, the tower features 100,000 square feet of common areas and amenities. Development costs were estimated at $145 million. A grand opening is planned for spring 2022, when all residents should be moved into the fully pre-sold …
WILLIAMSBURG, Va. — Ziegler has arranged $71.3 million in bond financing for Williamsburg Landing, a continuing care retirement community (CCRC) in Williamsburg. Williamsburg Landing is located on 138.6 wooded acres and was founded in 1982. Since opening its doors, the community has grown to include 317 independent living apartments, 72 assisted living units, 24 memory care units and 73 health and rehabilitation units. Over the years, Williamsburg Landing has borrowed for its capital needs with direct bank bonds, resulting in a complex capital structure with 14 separate obligations provided by …
TYSONS, Va. — Walker & Dunlop, Inc. has arranged $300 million in construction financing for The Mather, a high-rise continuing care retirement community in the Washington, D.C. suburb of Tysons. A 50/50 partnership between Mather and Westminster Capital is developing the building. The project was announced in 2017, the land acquisition was completed in 2019 and pre-sales began this past summer. The transit-oriented project will comprise two buildings with 300 independent living apartments, 16 assisted living apartments, 20 memory support suites and 42 private nursing suites that will be built …
GLEN ALLEN, Va. — HJ Sims has arranged $93.4 million in financing for LifeSpire of Virginia, a continuing care retirement owner-operator based in Glen Allen. LifeSpire currently owns and operates four life plan communities in Virginia: The Chesapeake, The Culpeper, The Glebe and Lakewood. The financing provided funds for the acquisition The Summit in Lynchburg, for capital projects Lakewood and The Culpeper, and to refinance existing bank debt with permanent bond debt. The seller in the Summit transaction is Centra Health System. The $30.3 millionsale also includes adjacent developable land …