**Greysteel Facilitates Sale of Senior Housing in Virginia**
Greysteel has successfully completed the sale of Mary Hardesty House, a 60-unit senior community located at 218 Mosby Boulevard in Berryville, Virginia.
The property, originally developed using Low-Income Housing Tax Credit (LIHTC) financing, remains designated as Affordable Housing under a long-term use agreement. Community Housing Partners acquired the property for $5.85 million.
Fletcher Hultman, Justin Mazzamaro, and Henry Mathies of Greysteel’s National Affordable Housing practice group exclusively represented the seller, The Wentwood Companies. Mary Hardesty House is situated in Berryville, a northern Virginia town approximately 65 miles northwest of Washington, D.C.
“We received strong investor interest in this property because it didn’t have any major deferred maintenance or operational challenges,” said Fletcher Hultman, Director of Mid-Atlantic Affordable Housing Sales at Greysteel. “This acquisition allows Community Housing Partners to achieve operational scale in this market as they also own a nearby property.”
