Avison Young Arranges $13M Family-Owned Nursing Facility
Avison Young, headquartered in Toronto, arranged the sale of the Mt. Vernon Nursing & Rehab Center in Alexandria, Va.
The 45,654-square-foot, 130-licensed-bed facility was purchased by a publicly traded real estate investment trust (REIT) for $13 million. The REIT will lease the facility to a regional operator with which the REIT has an existing relationship.
Avison Young’s Jim Kornick and Dan Baker represented the seller, a family owner/operator exiting the skilled nursing industry.