A 45-unit assisted living/memory care community in Woodstock, Virginia was vacant at the time of its sale to a regional operator. The previous owner, Royal Haven Assisted Living, decided to concentrate on the operations of its other 55-unit community in Front Royal, Virginia. But it was in the middle of renovating the Woodstock property when Steve Thomes and Tim Cobb of Blueprint Healthcare Real Estate Advisors procured an acquirer with its own capital investment program planned for the community. The regional operator buyer is focused on assisted living and memory care services in Virginia, which bodes well for its newest addition. A purchase price was not disclosed.
Virginia Vacancy
