Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired a retirement community in Spotsylvania County, Va. for $16.3 million, according to Fredericksburg.com.
Chancelor’s Village offers assisted living and independent living and was previously owned by an entity of Chicago-based private equity real estate investment firm Walton Street Capital, according to local property records. The Walton Street entity took a loss on the community, which it purchased for $16.68 million in 2005.
Chicago-based Senior Lifestyle Corp. will continue to operate the facility, according to the article, as it has since 2005.
Written by Alyssa Gerace