Avison Young negotiates sale of $14 million facility
Avison Young assisted American Senior Living LC with the sale of Sudley Manor House, a 78-bed assisted living and memory care unit located in Manassas, VA. American Senior Living is the original developer of the facility.
Capitol Seniors Housing bought Sudley Manor House for $14.1 million and plans to renovate the facility through a capital-improvement program. The Arbor Company will operate the community.
This is Avison Young's second seniors housing transaction in the past six months. The commercial real estate services firm is headquartered in Toronto, Canada, and has 58 offices with 1,500 real estate professionals.