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The Fundamental Income Net Lease Corporate Real Estate ETF
was one of the sponsors for the Benzinga Global Small-Cap Conference that took place on December 8-9, 2020. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.
Real estate is an attractive investment for current returns, future growth, and diversification in any portfolio. The COVID-19 pandemic has impacted the real estate industry, and many real estate investment trusts (REITs) saw valuations decline substantially last year. However, not all real estate investments are created equally, and NETL is an example of resilience amid a crisis.
Short Pump Town Center co-owner buys assisted living facility for $20M
Mike Platania photos)
Correction: An earlier version of this story incorrectly listed the seller Sunrise Village Tuckahoe as Chartwell Retirement Residences. The seller was in fact Tennessee-based Brookdale Senior Living. The story has been updated.
One of the owners of Short Pump Town Center has taken another bite out of Henrico County, except this time it’s not in the retail sector.
Last month an entity tied to Brookfield Properties purchased the Sunrise Villa Tuckahoe assisted living facility at 12401 Gayton Road for $20 million.
Sunrise Villa spans 234,000 square feet and offers assisted living along with Alzheimer’s and hospice care. The facility is run by McLean-based Sunrise Senior Living, which also operates similar homes in Bon Air and on North Parham Road in the city.