Wessex Announces Purchase of Liberty Ridge IL/AL by Runk & Pratt

Wessex is excited to announce the purchase of the Liberty Ridge IL/AL building by its tenant, Runk & Pratt. Liberty Ridge is a 173 unit building located in Lynchburg, Virginia offering independent, assisted living and memory care services. The superior site location for this building allowed the tenant to reach stabilization in record time and option the facility a year earlier than expected at a premium. The investors are pleased with the exceptional returns this structure provided. We look forward to continuing our successful relationship with Runk & Pratt on future projects.