A 61-bed assisted living facility in Fayetteville changed hands after a $7 million acquisition.
Capital Health Group LLC of Baltimore, Maryland, a privately held owner/operator of senior housing facilities throughout the United States, led by managing principal Ken Assiran, bought the 3.6-acre Brookstone Assisted Living Residence at 415 E. Longview St.
The purchase was made in the name of Brookstone Real Estate LLC.
Summit Properties-Brookstone LLC of Bryant, managed by Richard A. Williams, was the seller.
Synovus Bank of Georgia helped fund the deal.
Summit Properties acquired the property in October 2013 for $5.15 million from the Washington Regional Medical Center of Fayetteville.
WRMC bought the land for the development from Harvey and Patricia Smith in September 1992 for $1.3 million.
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