8A — June 14 - 27, 2019 — M id A tlantic
Real Estate Journal
www.marej.com
D el M ar V a
306-bed property sells in Fairfax County, VA IPA brokers sale of 350,000 s/f retirement community
AIRFAX, VA — I n- stitutional Property Advisors (IPA) , a divi- sion of Mar- cus & Mil - lichap, an- nounced the sale of The Virginian, a 350,000 s/f, 306-bed rent- al continuing care retire- ment community in Fairfax County. Marcus &Millichap’s IPA se- niors housing team represented the seller, Thompson Associ- ates , in its sale of the asset to an affiliate of Focus Healthcare Partners LLC. Bryn Merrey , senior VP and division man- F Bryn Merrey rates for similar properties, which reflect landlord conces- sions such as free rent or tenant improvements. It is highly recommended that competent third-party representation be engaged to ensure that all market data, procedures, and other relevant methodologies be utilized to maximize your appeal results. When identifying a third party
The Virginian
ager, is Marcus & Millichap’s broker of record in Virginia. The Virginian’s unit mix in- cludes 96 skilled nursing beds, and the rest are assisted living to assist in the process, one should pay particular atten- tion to ensure that the provider possesses sufficient real estate valuation knowledge, based on training and experience, along with a successful track record of producing favorable results, both within a particular juris- diction and across a variety of property types. While the tax burden con- tinues to shift further to
independent living units. An affiliate of Focus Health- care Partners LLC acquired the Virginian on behalf of Focus Senior Housing Fund I LP. the commercial taxpayer in Maryland, a wise owner will take all the steps necessary to protect themselves through the careful appeal of their property. Zeke Sansone is theCEO of the Joseph C. Sansone Company. David Johnson is the senior director of Real Estate Services of the Joseph C. Sansone Company.
continued from page 6A The continued shift of tax burden to . . .
FULL-SERVICE BROKERAGE SERVICES
Retail
CONTACT US TODAY TO LEARN MORE.
NEWARK/REHOBOTH BEACH, DE
Made with FlippingBook - Online Brochure Maker