Clarion Partners Secures Virginia Asset as Flagship Entry into Senior Housing Sector

Clarion Partners acquires the 103 unit Sancerre at Atlee Station in Virginia, marking its first senior housing investment and a new partnership with NexCore Group.

By: AXL Media

Published: Mar 13, 2026, 11:56 AM EDT

Source: https://www.multihousingnews.com/

Strategic Partnership and Operational Continuity

The acquisition is structured to maintain high-level operational consistency through a continued management agreement with Experience Senior Living. As the operating partner, Experience Senior Living will remain responsible for all resident programming, events, and specialized personal care services. This collaboration allowed Clarion to enter the niche asset class with an established operator already in place. The transaction was facilitated by the BWE Investment Sales team, including Ryan Stoll and Charley Bissell, who represented NexCore in the sale.

Performance Profile of a Class A Asset

Sancerre at Atlee Station, completed in 2023, has demonstrated rapid market absorption by achieving 90 percent occupancy within just one year of its debut. Clarion’s familiarity with the asset is extensive; the firm was involved throughout the design and development phases and served as the on-site manager during the initial lease-up period. This deep institutional knowledge of the property’s performance and resident demographics reduced the typical risks associated with a firm’s first foray into a new multifamily sub-sector.

Care-Anchored Investment Rationale

The community offers a comprehensive continuum of care, including independent living, assisted living, and memory care options. Julie Robinson, Clarion’s Managing Director of Healthcare, emphasized that the firm was specifically attracted to the model that integrates assisted living and resident care as the primary anchor. This "care-first" format is intended to serve as the blueprint for Clarion’s future expansion into the healthcare-real estate space, targeting properties that provide essential services to aging populations rather than focusing solely on active adult lifestyles.