Closed December 23, 2022
HarborChase of Prince William Commons | Woodbridge, Virginia

CBRE National Senior Housing Investment Properties team, based in Austin, Texas, completed the sale of HarborChase of Prince William Commons (the "Community"), a Class “A” senior housing community located in Woodbridge, Virginia, a suburb of Washington D.C., on behalf of Silverstone Senior Living (“Silverstone”) and Lionstone Investments (“Lionstone”). The seller was represented by CBRE’s National Senior Housing team members John Sweeny, Aron Will, Garrett Sacco, and Scott Bray.

CBRE National Senior Housing’s Debt & Structured Finance team, based in Houston, Texas, consisting of Aron Will, Tim Root, and Michael Cregan arranged acquisition financing on behalf of Artemis Real Estate Partners (the “Buyer” or “Artemis”). CBRE secured a 5-year, $31.25MM fixed rate loan from a regional bank with 24 months of interest only. The community will be operated by The Arbor Company.

Built in 2018, HarborChase of Prince William Commons is located in Woodbridge, Virginia approximately 20 miles south of downtown Washington D.C. The community is a three-story, steel and concrete building with 127 units currently comprised of assisted living, transitional memory care and memory care units.

About Silverstone

Silverstone Senior Living (“Silverstone”) develops high-quality senior housing communities, which provide independent living, assisted living and memory care services in Texas, Florida, and the Mid-Atlantic states. The principals of Silverstone have extensive experience and an excellent record of accomplishments in the real estate industry. This experience includes designing, developing, managing, operating, and owning premier properties throughout the nation and across all the major asset platforms for both public and private companies. Silverstone is committed to developing and operating “best in class” communities that are as comfortable as home, luxurious as a country club, and provide the highest level of care. 

About Artemis

Artemis is a real estate investment manager based in metropolitan Washington, DC, with offices in New York City, Los Angeles, and Atlanta.  Artemis has raised over $8.4 billion across core, core plus, value-add and opportunistic strategies. The firm makes equity and debt investments in real estate across the United States, with a focus on multifamily, industrial, office, retail, self-storage, hospitality, senior housing, and medical office. Artemis specializes in joint venture partnerships with established, diverse and emerging operating partners and direct investments. Artemis currently owns 15 senior housing communities totaling 2,200 units. More information can be found at www.artemisrep.com.

About Arbor

The Arbor Company is an Atlanta-based operator of more than 45 independent living, assisted living and memory care communities, serving seniors in 11 states. With more than 30 years of dedication and experience, The Arbor Company strives to deliver the highest quality care and service to residents and their families. The company's innovative Engaged Living program creates meaningful moments through structured activity programs and spontaneous interactions, filling each day with the right balance of purpose and fun. More information about The Arbor Company is available at www.ArborCompany.com.

About CBRE National Senior Housing

CBRE National Senior Housing is an integrated team of professionals dedicated to the senior housing industry. Since 2014, we have completed over $22 billion in transaction volume across 700+ assets in combined senior housing investment sales, capital raising and loan originations.