A senior living operator is growing its portfolio outside of the Garden State for the first time, in a deal facilitated by Andrew Hilding, Josh Jandris and Mark Myers of IPA Seniors Housing. The target is located in Petersburg, Virginia, and features a 39-unit assisted living community and a 32-unit memory care community on the same campus, with 102 total licensed beds.
It was previously owned by a large operator that primarily serves the Midwest and mid-Atlantic regions. This is the buyer’s first community outside of New Jersey, which will look to enhance operations and make necessary improvements at the property.
