Commonwealth Senior Living expanded its Virginia portfolio with the addition of a 72-unit senior living community in Chesapeake, located near the North Carolina border. This represents the 27th community in Virginia for Commonwealth and 33rd overall in its portfolio. There are eight communities in the Norfolk MSA, so the company should be able to take advantage of some economies of scale.
Chesapeake Regional Healthcare built the property in 2001, and it currently features 60 assisted living and 12 memory care units. However, Commonwealth will immediately begin renovations to the building, expand its capacity to 68 assisted living and 32 memory care beds, and rebrand the property as Commonwealth Senior Living at Cedar Manor.
