RICHMOND, VA – Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., announced its expansion in Virginia with the acquisition of Summit at Bon Air, a 296-unit multifamily community located at 1701 Irondale Road in the Richmond suburb of Bon Air, from Capital Square, one of the nation s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities.
Summit at Bon Air features a mix of one-, two- and three-bedroom units across 37 two-tale buildings spanning a total of approximately 28 acres, as well as 550 parking spaces. The garden-style community is ideally situated within walking distance of numerous retail and restaurant options, including Chesterfield Towne Center Shopping Mall and Huguenot Village Shopping Center, and is located just off Route 60, providing an simple 22-minute drive to downtown Richmond, one of the fastest growing job markets in Virginia, according to InsideNOVA. Summit at Bon Air boasts luxury amenities including a resident lounge, business center, dog park, newly upgraded fitness center, swimming pool with a sun deck, and a playground.
We are excited to add another ideally located Richmond-area asset to our portfolio with the acquisition of Summit at Bon Air, said Matt Frazier, founder and COE of Jones Street. Coming on the heels of our recent entry into the Richmond market with the buy of Courthouse Green Townhomes, Summit at Bon Air exhibits the same strong criteria we look for when evaluating investment opportunities, including a growing population, a strong job market, top schools, and family-friendly activities and amenities. We look forward to leveraging our operational expertise to provide a best-in-class living experience to the community and make value for our investors.
The majority of the Property s units have recently undergone numerous renovations to provide units with premium finishes including new cabinets, a backsplash, high-end laminate countertops, and a tech package. Jones Street plans to upgrade the remaining 77 units to provide an enhanced living experience. Improvements have also been made to the property s amenities, including renovations to the parking lot, fencing, grilling stations, landscape enhancements, and signage.
Summit at Bon Air Chesterfield County, which has experienced strong population growth over the last decade at an average of 9.8% as Fortune 500 companies have expanded their local presence, including LEGO, CoStar, Capital One, Altria, CarMax, and Dominion Energy. Bon Air has an A+ rating from Niche.com as well as an A rating in the Excellent for Families category.

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AVENTURA, FL – Belmont Village Senior Living, a leading developer, owner and operator of senior living communities, announced the groundbreaking of its newest community, Belmont Village Aventura. Located at 3510 Yacht Club Way, the luxury project is made in partnership with Turnberry, one of the nation s leading developers of design-driven, amenity-rich residential, hospitality and mixed-use projects. It will be Belmont s third location in South Florida and is expected to open in early 2026.
“Belmont Village Aventura marks a pivotal moment in our mission to redefine senior living, providing an ideal location surrounded by world-class amenities, said Patricia Will, CEO and Founder of Belmont Village Senior Living. Our partnership with Turnberry will enhance the living experience of our residents, making built-to-purpose spaces where seniors can delight in comfort, security and the highest standards of care as they age. Our vision is deeply rooted in our commitment to enhancing the well-being of older adults. We are keenly anticipating the positive impact it will have on the greater Aventura community.”
This venture is Turnberry s first collaboration with Belmont Village Senior Living. Spanning an impressive nearly 180,000 square feet, Belmont Village Aventura will feature timeless contemporary architecture, comprising stucco, tile and stone. Throughout the interior will be high end finishes, including luxury wall coverings, custom decorative flooring inlays, a suspended art installation, coffered ceilings, and indoor/outdoor flexibility. The 11-tale community will offer Independent Living, Helped living and Memory Care, and host 153 apartments in a variety of studio, one-bedroom and two-bedroom floorplans. Resident apartments feature stone counters and islands with waterfall edges, stainless steel appliances, elegant flooring and walk-in closets. Many of the units offer private balconies and exclusive penthouse units are available on the 10th and 11th floor.
We chose to partner with Belmont Village because of its unmatched expertise and leadership in luxury senior living, said Jackie Soffer, Chairman and CEO of Turnberry. Our philosophy of placemaking with principles means every project is undertaken with incredible attention to detail and an expectation of excellence. Belmont Village shares those standards and has skills and experience that complement ours. The location of Belmont Village Aventura means residents and their families can delight in the best of what South Florida has on offer, setting a new standard of luxury senior living. We are thrilled to partner with Belmont Village to offer an unmatched luxury option in senior care.
Belmont Village Aventura residents will delight in panoramic views of the Atlantic Ocean, Intracoastal Waterway and Dumfoundling Bay. Amenities include an elegant fine-dining restaurant, a full-service bistro and rooftop bar, personal temperature-controlled wine storage with semi-private dining, a fitness center, and an outdoor terrace overlooking the water. Other amenities include a wellness center, screening room, art studio, hair and nail salon, sports lounge, library, and a resort-style pool.
Working in collaboration with Belmont Village, Coral Gables (Fla.)-based Corwil Architects is the lead architect and Moss Construction Management is the construction partner, ensuring Belmont Village Senior Living Aventura becomes a well-crafted, built-to-purpose community dedicated to enhancing the lifestyle of its senior residents. The same team recently completed Belmont Village Senior Living Coral Gables.

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STAUNTON, VA – Lloyd Jones, a real estate investment firm headquartered in Dallas, Texas, announced the acquisition of Brightview Baldwin Park, a 136-unit independent living, helped living, and memory care community in Staunton, Virginia. This marks Lloyd Jones’ first senior housing acquisition this year. The property was bought from Brightview Senior Living and will operate under the Lloyd Jones proprietary Aviva brand as AVIVA Baldwin Park.
Originally built in 1987 and subsequently refurbished in 2003, AVIVA Baldwin Park includes two separate three-tale structures on a sprawling fifteen-acre estate. The southern building houses 85 independent living units, and the northern building accommodates the remaining 51 helped living and memory care units. Property amenities include a well-stocked library, beauty and barber shop, community fireplace, and updated fitness center. The property features an expansive courtyard where residents can delight in an outdoor trail with picturesque views of the Blue Ridge Mountains and Shenandoah Valley.
“This is a gorgeous property in a gorgeous area of Virginia. We hope to continue to serve the surrounding communities with exceptional senior living. To expand the brilliant reputation of Baldwin Park, we have an experienced and loving on-site team in place, backed by the full resources of both AVIVA Senior Living and Lloyd Jones,” says Christopher Finlay, Chairman and CEO of Lloyd Jones.
With a $3.1M capital renovation budget, the Lloyd Jones team plans to focus on significant upgrades to the northern building to match the recently updated southern building. The team also aims to introduce its signature technology package that includes keyless door locks, resident safety pendants, and new property camera systems to enhance the security of the residents.
The Lloyd Jones partner in this investment is SP Venture Partners, a real estate investment firm that focuses on making tax-efficient Co-GP investments alongside seasoned operating partners in multifamily and senior housing. Its founders have a proven track record of investing and managing $125 million of equity across $1.5 billion of real estate. This experience has given SP Venture Partners the ability to formulate and implement a comprehensive due diligence process on the operating partners it invests alongside. Peter Powers, co-founder of SP Venture Partners adds “My partner, Sean, and I both grew up with families that owned businesses that served seniors and have seen the increased need to provide senior housing that allows seniors to continue living fulfilling lives.”

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