The Crossings at Bon Air

Smith/Packett successfully completed the sale of The Crossings at Bon Air, a 186-residence independent living, assisted living and memory care community in Richmond, Virginia, on September 11, 2015. The property was purchased by Griffin-American Healthcare REIT III for $64,000,000, a cost of $344,000 per unit. The transaction included the assumption of $37,650,000 in Fannie Mae debt.