SOLD – 2.48 Acres of Developable Land, Fort Collins, CO

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.