CHICAGO and DES MOINES, Iowa, June 17, 2019,/PRNewswire/ — The Virginian, a massive Continuing Care/Life Plan retirement network positioned in Fairfax, Virginia, become these days obtained by way of an associate of Focus Healthcare Partners LLC (FHP). FHP retained Des Moines, Iowa-based Life Care Services as their management company in connection with the acquisition.
The Virginian currently includes 334 residences, including 134 independent residing gadgets, 108 assisted living units, eleven memory care gadgets, eighty-one professional nursing beds, and related commons regions.
In pronouncing the purchase, Michael Feinstein of Focus Healthcare Partners LLC said, “We were working in this acquisition for almost years. We accept as true that The Virginian is a special senior residing network and diagnosed this as an amazing possibility to carry both physical and operational improvements to what has long been identified as an iconic senior living community in Northern Virginia. We selected Life Care Services to manipulate the belongings due to their lengthy and successful records of coping with Continuing Care/Life Plan communities, especially their capacity to comprehend our long-term vision for The Virginian.”
Rick Exline, executive vice president/senior director of Life Plan communities for Life Care Services, introduced, “We are honored and thrilled that FHP decided on Life Care Services for this unique opportunity. As the biggest operator of Continuing Care/Life Plan communities inside the state, we’re confident that we can carry to existence FHP’s imaginative and prescient for The Virginian”.
About Focus Healthcare Partners, LLC
Focus Healthcare Partners LLC (“FHP”) is a real estate funding and asset management company in Chicago, Illinois. FHP invests in Senior Housing and Healthcare actual estate belongings on behalf of institutional and personal traders.
FHP is led through a devoted group that focuses on Senior Housing real estate investments, operations, and capital markets. The investment changed into made on behalf of Focus Senior Housing Fund I LP, a discretionary comingled investment car supported by public pension plan traders, university endowment price range, general insurance corporations, and different properly respected institutional limited companions.
The Human Side of Enterprise
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Habits of the Consumer
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Small Business Owners
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