SOLD: Two New Assisted Living Facilities – Richmond & Williamsburg, VA via Bankruptcy Auction

Bankruptcy Auction
Bid Deadline: August 1, 2016
Auction Date: August 3, 2016

Situation Overview

Keen-Summit Capital Partners LLC  has been engaged by New Dawn Assisted Living Company, LLC, as its exclusive real estate advisor for the sale of two new assisted living facilities in Virginia and 2.48 Acres of vacant land in Fort Collins, CO.

The Williamsburg and Richmond Virginia properties are both newly constructed assisted living facilities.  They are nearly identical in design and layout. Each property consists of three, one-story, load-bearing Class D structures, designed specifically as a memory care facility, with each structure containing 16 units for a total of 48 units at each property.

The 2.48 acres of developable vacant land in Fort Collins, CO is zoned mixed use, surrounded by residential development, neighborhood retail and restaurants.

The sale of these properties are subject to approval by the Bankruptcy Court.

  • Richmond VA Facility
  • Williamsburg - New Dawn
  • Updated New Dawn Logo - without Phone Number

Property Highlights:

10601 Barbara Lane, Richmond, VA 23233

  • Brand new facility, substantially completed in 2015
  • 3 one-story facilities totaling 28,620 sq. ft. on 5.47 +/- acres
  • Each structure contains 16 apartments with private bathrooms. (48 units total)

1807 Jamestown Road, Williamsburg, VA 23185

  • Brand new facility, substantially completed in 2015
  • 3 one-story facilities totaling 28,620 sq. ft. on 6.1 +/- acres
  • Each structure contains 16 apartments with private bathrooms. (48 units total)

Vacant Lot in Fort Collins, CO

  • 2.48 Acres of vacant land
  • Located at the intersections of Iowa Drive & Limon Drive and Kansas Drive & Limon Drive
  • Zoning: MMN – Medium Mixed Use, which allows for up to 50-unti multifamily
  • Neighborhood: surrounded by residential developments, neighborhood retail and restaurants

New Dawn – Flyer_Court Approved Sale_7-20-2016

Additional Due Diligence Materials Available with a Signed NDA:

New Dawn NDA

Below are links to the Orders Approving the Bid Procedures and Auction Process and Stalking Horse Contracts:

Order Approving Bid Procedures and Auction 7-22-16

Order Approving Stalking Horse Contracts

Contact

Christopher Mahoney
(646) 381-9205

Doug Greenspan
(646) 381-9218