Poet’s Walk Sold, Has New Operator as seen on Fredericksburg.com

Poet’s Walk Fredericksburg is proud to share this article as seen on Fredericksburg.com.

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August 25, 2016

BY LINDLEY ESTES THE FREE LANCE-STAR

The Poet’s Walk Memory Care facility at 3020 Gordon Shleton Blvd. sold for $23 million and is under new management.

Sabra Health Care Holdings III, a subsidiary of Sabra Health Care REIT, purchased the facility from Fredericksburg Senior Real Estate, LLC, registered to Boca Raton, Fla.-based Silver Senior Development Co.

Silver built the assisted-living community for people with memory impairment in 2015 in front of The Haven at Celebrate Virginia South apartments near Wegmans. Its original Poet’s Walk opened nearly two years ago near Spotsylvania Regional Medical Center. Ownership of that facility has not changed.

The management of the Fredericksburg facility has also changed, from Morningside Management to Spring Hills Senior Communities.

Spring Hills owns and operates eight assisted living communities, four home care offices and five Poet’s Walk Spring Hills Memory Care communities.

President and CEO Alex Markowits said Spring Hills approaches memory care holistically, and is investing in technology to help the staff communicate more efficiently.