The Virginian, a 300-bed senior living community in Fairfax, sells for nearly $41 million
Institutional Property Advisors, a division of Marcus & Millichap (NYSE: MMI), announced Wednesday it arranged the sale of The Virginian, at 9229 Arlington Blvd., to an affiliate of Focus Healthcare Partners LLC. IPA represented the seller, Thompson Associates.
According to Fairfax County’s assessment database, the 306-bed retirement community sold in late April for $40.74 million. Developer Roland Thompson acquired the 32-acre site, part of the original Walker family farm on the north side of Route 50, in 1977 for $335,000, and built The Virginian three years later.