BERRYVILLE, Va. — Greysteel has brokered the $5.9 million sale of Mary Hardesty House, an affordable seniors housing community located in Berryville, roughly 65 miles northwest of Washington, D.C. Community Housing Partners was the buyer.
Totaling 60 units, the property was developed using low-income housing tax credit (LIHTC) financing and is engaged in a long-term affordable housing use agreement. Amenities at the property include a game room, social gathering area, fitness center, outdoor patio and grill and salon.
Fletcher Hultman, Justin Mazzamaro and Henry Mathies of Greysteel represented the seller, The Wentwood Cos., in the transaction.
“This acquisition allows Community Housing Partners to achieve operational scale in this market, as they also own a nearby property,” says Hultman. “Additionally, Mary Hardesty House is well aligned with their overall mission of providing quality affordable housing to lower income people.”