Senior Housing News January 10, 2025
Pinnacle Living is gearing up for growing its presence in Virginia through a combination of acquisitions, partnerships and development.
That’s according to CEO Chris Henderson, who said the Glen Allen, Virginia-based company has six campuses and serves around 1,200 residents in Virginia following a period of selling off communities to refocus and revitalize its balance sheet.
In mid-December, Pinnacle Living acquired two communities, Hermitage Deep Run and Hermitage Three Chopt, which Henderson noted was “literally in the backyard of the market we know.” Furthermore, the sale was an opportunity to continue to diversify the organization’s product offerings to serve a more diverse client base.
The acquired communities are both within two miles of Pinnacle Living’s Cedarfield community in Richmond...
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