Hill Valley Healthcare acquired a rental CCRC located in Farmville, Virginia, and the $35.25 million in acquisition financing was arranged by Christopher Utz, Managing Director of Ziegler. The Woodland has 60 independent living units, 85 assisted living units and 120 skilled nursing beds. The financing comes to $133,000 per unit/bed.
Based in Flushing, New York, Hill Valley Healthcare has been active on the acquisition front, having acquired three senior care facilities in Virginia in 2021, and a three-property portfolio of two SNFs and one assisted living community in 2019. This current acquisition expands their presence in the Virginia market to 10 properties and 20 overall, with other locations in Maryland, West Virginia and Rhode Island.
