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Nonprofit Group Sells Low-Income Seniors Complex in Richmond for $25.6 Million

California's Fairfield Residential Acquires Guardian Place Off West Broad Street
The 236-unit Guardian Place opened in 1994 in Richmond's West End. (CoStar)
The 236-unit Guardian Place opened in 1994 in Richmond's West End. (CoStar)
By Collins Burlee
CoStar Research
November 4, 2022 | 3:51 P.M.

After nearly three decades of ownership, nonprofit organization United Methodist Family Services has sold an affordable senior housing complex in Richmond, Virginia, touted for its value-add potential.

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