Brandon Oaks

3804 Brandon Avenue, S.W., Roanoke, Virginia 24018

Operator:: Virginia Lutheran Homes, Inc. d/b/a Brandon Oaks
Ownership:: Nonprofit
Affiliation:: Lutheran (Virginia Synod, Evangelical Lutheran Church in America)
Opened:: 1993

Virginia Lutheran Homes, Inc. owns and operates Brandon Oaks; it also manages Luther Crest (low-income senior apartments, New Market) and Brandon Oaks at Home (home health).

Type A (life care)
Type B (modified)

Figures from the 2023 disclosure statement (fiscal 2022 finances), filed with the Virginia State Corporation Commission, Bureau of Insurance.PDF The finances describe fiscal 2022; this is the newest statement we have for Brandon Oaks, and a later one may have been filed since.

At a glance

Entrance fee, one person, every plan

$76,900 to $697,700p. 90

Monthly fee, independent living

$3,008 to $6,408p. 90

Refund plans offered

TraditionalCan decline to nothing
50% RefundableNever less than 50% of the fee
90% RefundableNever less than 90% of the fee

Days cash on hand

301 (FY2022)p. 137Its lenders require at least 120.Figures for Brandon Oaks (DSC); Virginia Lutheran Homes Obligated Group (days cash)

Read the note on this figure

Days cash on hand is for the Obligated Group (VLH corporate plus Brandon Oaks), from audit supplementary schedules; debt service coverage is Brandon Oaks alone (Obligated Group 1.39x).

Independent living occupancy

84.9% (2022)p. 141

Nursing care, CMS overall rating

5 of 5CMS data as of 2026-09-01

What care costs later

How each contract prices assisted living and nursing if you need them. The contract type decides most of what a long stay costs.

Type A (life care): Moving to assisted living or nursing leaves your monthly fee essentially unchanged.
Type B (modified): A set number of care days is included, or care is charged at a stated discount.

How the contract types compare

Type A (life care)The filing calls it Type A (Life Care); we class contracts by how care is priced (our definitions).

Life care residents who move to assisted living, memory care or nursing keep paying their Monthly Service Fee plus two extra meals a day, with priority for admission over the outside community.p. 15

Assisted living: Same Monthly Service Fee plus the fee for two additional meals per day
Nursing care: Same Monthly Service Fee plus the fee for two additional meals per day
Priority for a bed: Yes, residents come before outside admissions

Type B (modified)The filing calls it Limited Medical Assistance Option; we class contracts by how care is priced (our definitions).

Covers 365 cumulative days of assisted living or nursing at the prevailing monthly fee (after Medicare or insurance pays its part); after that care is charged at private pay rates. Entrance fees are $25,000 lower (single) than the matching life care plan.p. 54

Assisted living: Monthly fee for up to 365 cumulative days of care, then the daily private pay rate
Nursing care: Monthly fee for up to 365 cumulative days of care, then the daily private pay rate
Care days included: 365
Priority for a bed: Yes, residents come before outside admissions

Units on campusp. 5
Independent living	192
Assisted living	40
Memory care	26
Nursing care	62

Entrance fees

One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.

Life Care Residency Agreement · Type A (life care) (75 prices, $101,900 to $697,700)

Unit	Sq ft	Refund plan	Price, one person	Second person
Studio A	510	Traditional	$101,900p. 90	$40,000
Studio A	510	50% Refundable	$174,000p. 90	$49,000
Studio A	510	90% Refundable	$232,300p. 90	$62,000
Studio B	590	Traditional	$145,200p. 90	$40,000
Studio B	590	50% Refundable	$195,400p. 90	$49,000
Studio B	590	90% Refundable	$275,400p. 90	$62,000
1 Bedroom A	675	Traditional	$155,800p. 90	$40,000
1 Bedroom A	675	50% Refundable	$212,700p. 90	$49,000
1 Bedroom A	675	90% Refundable	$295,900p. 90	$62,000
1 Bedroom B	755	Traditional	$174,200p. 90	$40,000
1 Bedroom B	755	50% Refundable	$238,200p. 90	$49,000
1 Bedroom B	755	90% Refundable	$330,600p. 90	$62,000
1 Bedroom/Den	766	Traditional	$178,700p. 90	$40,000
1 Bedroom/Den	766	50% Refundable	$243,800p. 90	$49,000
1 Bedroom/Den	766	90% Refundable	$338,900p. 90	$62,000
2 Bedroom	1,010	Traditional	$218,900p. 90	$40,000
2 Bedroom	1,010	50% Refundable	$302,100p. 90	$49,000
2 Bedroom	1,010	90% Refundable	$421,600p. 90	$62,000
Deluxe A or B	1,185 to 1,265	Traditional	$239,900p. 90	$40,000
Deluxe A or B	1,185 to 1,265	50% Refundable	$337,000p. 90	$49,000
Deluxe A or B	1,185 to 1,265	90% Refundable	$462,700p. 90	$62,000
Cottage (Small)	1,200	Traditional	$239,900p. 90	$40,000
Cottage (Small)	1,200	50% Refundable	$337,000p. 90	$49,000
Cottage (Small)	1,200	90% Refundable	$462,700p. 90	$62,000
Deluxe D	1,356	Traditional	$275,000p. 90	$40,000
Deluxe D	1,356	50% Refundable	$410,000p. 90	$49,000
Deluxe D	1,356	90% Refundable	$551,000p. 90	$62,000
2 Bedroom Combo A	1,350	Traditional	$288,200p. 90	$40,000
2 Bedroom Combo A	1,350	50% Refundable	$421,500p. 90	$49,000
2 Bedroom Combo A	1,350	90% Refundable	$569,400p. 90	$62,000
2 Bedroom Combo B	1,510	Traditional	$303,200p. 90	$40,000
2 Bedroom Combo B	1,510	50% Refundable	$446,100p. 90	$49,000
2 Bedroom Combo B	1,510	90% Refundable	$587,000p. 90	$62,000
2 Bedroom Combo D	1,533	Traditional	$315,000p. 90	$40,000
2 Bedroom Combo D	1,533	50% Refundable	$468,000p. 90	$49,000
2 Bedroom Combo D	1,533	90% Refundable	$595,500p. 90	$62,000
Village Homes (1500)	1,500 to 1,680	Traditional	$285,900p. 90	$40,000
Village Homes (1500)	1,500 to 1,680	50% Refundable	$422,700p. 90	$49,000
Village Homes (1500)	1,500 to 1,680	90% Refundable	$536,800p. 90	$62,000
Village Homes (1980)	1,800 to 1,980	Traditional	$342,800p. 90	$40,000
Village Homes (1980)	1,800 to 1,980	50% Refundable	$506,700p. 90	$49,000
Village Homes (1980)	1,800 to 1,980	90% Refundable	$617,600p. 90	$62,000
Cottage (Large) / Loblolly	1,520	Traditional	$342,800p. 90	$40,000
Cottage (Large) / Loblolly	1,520	50% Refundable	$506,700p. 90	$49,000
Cottage (Large) / Loblolly	1,520	90% Refundable	$617,600p. 90	$62,000
Dogwoods 1 Bedroom, 1.5 Bath (A)	1,024	Traditional	$258,300p. 90	$40,000
Dogwoods 1 Bedroom, 1.5 Bath (A)	1,024	50% Refundable	$361,400p. 90	$49,000
Dogwoods 1 Bedroom, 1.5 Bath (A)	1,024	90% Refundable	$493,800p. 90	$62,000
Dogwoods 2 Bedroom, 2 Bath (1269) (B)	1,269	Traditional	$277,100p. 90	$40,000
Dogwoods 2 Bedroom, 2 Bath (1269) (B)	1,269	50% Refundable	$409,200p. 90	$49,000
Dogwoods 2 Bedroom, 2 Bath (1269) (B)	1,269	90% Refundable	$556,300p. 90	$62,000
Dogwoods 2 Bedroom, 2 Bath (1343) (B1)	1,343	Traditional	$288,100p. 90	$40,000
Dogwoods 2 Bedroom, 2 Bath (1343) (B1)	1,343	50% Refundable	$421,500p. 90	$49,000
Dogwoods 2 Bedroom, 2 Bath (1343) (B1)	1,343	90% Refundable	$569,400p. 90	$62,000
Dogwoods 2 Bedroom w/Den, 2 Bath (C)	1,477	Traditional	$303,100p. 90	$40,000
Dogwoods 2 Bedroom w/Den, 2 Bath (C)	1,477	50% Refundable	$446,100p. 90	$49,000
Dogwoods 2 Bedroom w/Den, 2 Bath (C)	1,477	90% Refundable	$591,700p. 90	$62,000
Dogwoods 2 Bedroom w/Den, 2 Bath (end unit) (C1)	1,586	Traditional	$321,800p. 90	$40,000
Dogwoods 2 Bedroom w/Den, 2 Bath (end unit) (C1)	1,586	50% Refundable	$473,500p. 90	$49,000
Dogwoods 2 Bedroom w/Den, 2 Bath (end unit) (C1)	1,586	90% Refundable	$600,200p. 90	$62,000
Pine Crest 2 Bedroom, 2 Bath (1497/1531)	1,500	Traditional	$304,000p. 90	$40,000
Pine Crest 2 Bedroom, 2 Bath (1497/1531)	1,500	50% Refundable	$439,900p. 90	$49,000
Pine Crest 2 Bedroom, 2 Bath (1497/1531)	1,500	90% Refundable	$613,300p. 90	$62,000
Pine Crest 2 Bedroom, 2 Bath (1544/1566)	1,550	Traditional	$315,900p. 90	$40,000
Pine Crest 2 Bedroom, 2 Bath (1544/1566)	1,550	50% Refundable	$458,300p. 90	$49,000
Pine Crest 2 Bedroom, 2 Bath (1544/1566)	1,550	90% Refundable	$633,400p. 90	$62,000
Pine Crest 2 Bedroom w/Den, 2 Bath (1730)	1,730	Traditional	$351,100p. 90	$40,000
Pine Crest 2 Bedroom w/Den, 2 Bath (1730)	1,730	50% Refundable	$506,500p. 90	$49,000
Pine Crest 2 Bedroom w/Den, 2 Bath (1730)	1,730	90% Refundable	$697,700p. 90	$62,000
Pine Ridge 2 Bedroom, 2 Bath (1544/1566)	1,628	Traditional	$316,300p. 90	$40,000
Pine Ridge 2 Bedroom, 2 Bath (1544/1566)	1,628	50% Refundable	$453,700p. 90	$49,000
Pine Ridge 2 Bedroom, 2 Bath (1544/1566)	1,628	90% Refundable	$633,500p. 90	$62,000
Pine Ridge 2 Bedroom w/Den, 2 Bath (1730)	1,717	Traditional	$351,100p. 90	$40,000
Pine Ridge 2 Bedroom w/Den, 2 Bath (1730)	1,717	50% Refundable	$506,500p. 90	$49,000
Pine Ridge 2 Bedroom w/Den, 2 Bath (1730)	1,717	90% Refundable	$697,700p. 90	$62,000

Limited Medical Assistance Option ('365') · Type B (modified) (75 prices, $76,900 to $672,700)

Unit	Sq ft	Refund plan	Price, one person	Second person
Studio A	510	Traditional	$76,900p. 90	$20,000
Studio A	510	50% Refundable	$149,000p. 90	$29,000
Studio A	510	90% Refundable	$207,300p. 90	$42,000
Studio B	590	Traditional	$120,200p. 90	$20,000
Studio B	590	50% Refundable	$170,400p. 90	$29,000
Studio B	590	90% Refundable	$250,400p. 90	$42,000
1 Bedroom A	675	Traditional	$130,800p. 90	$20,000
1 Bedroom A	675	50% Refundable	$187,700p. 90	$29,000
1 Bedroom A	675	90% Refundable	$270,900p. 90	$42,000
1 Bedroom B	755	Traditional	$149,200p. 90	$20,000
1 Bedroom B	755	50% Refundable	$213,200p. 90	$29,000
1 Bedroom B	755	90% Refundable	$305,600p. 90	$42,000
1 Bedroom/Den	766	Traditional	$153,700p. 90	$20,000
1 Bedroom/Den	766	50% Refundable	$218,800p. 90	$29,000
1 Bedroom/Den	766	90% Refundable	$313,900p. 90	$42,000
2 Bedroom	1,010	Traditional	$193,900p. 90	$20,000
2 Bedroom	1,010	50% Refundable	$277,100p. 90	$29,000
2 Bedroom	1,010	90% Refundable	$396,600p. 90	$42,000
Deluxe A or B	1,185 to 1,265	Traditional	$214,900p. 90	$20,000
Deluxe A or B	1,185 to 1,265	50% Refundable	$312,000p. 90	$29,000
Deluxe A or B	1,185 to 1,265	90% Refundable	$437,700p. 90	$42,000
Cottage (Small)	1,200	Traditional	$214,900p. 90	$20,000
Cottage (Small)	1,200	50% Refundable	$312,000p. 90	$29,000
Cottage (Small)	1,200	90% Refundable	$437,700p. 90	$42,000
Deluxe D	1,356	Traditional	$250,000p. 90	$20,000
Deluxe D	1,356	50% Refundable	$385,000p. 90	$29,000
Deluxe D	1,356	90% Refundable	$526,000p. 90	$42,000
2 Bedroom Combo A	1,350	Traditional	$263,200p. 90	$20,000
2 Bedroom Combo A	1,350	50% Refundable	$396,500p. 90	$29,000
2 Bedroom Combo A	1,350	90% Refundable	$544,400p. 90	$42,000
2 Bedroom Combo B	1,510	Traditional	$278,200p. 90	$20,000
2 Bedroom Combo B	1,510	50% Refundable	$421,100p. 90	$29,000
2 Bedroom Combo B	1,510	90% Refundable	$562,000p. 90	$42,000
2 Bedroom Combo D	1,533	Traditional	$290,000p. 90	$20,000
2 Bedroom Combo D	1,533	50% Refundable	$443,000p. 90	$29,000
2 Bedroom Combo D	1,533	90% Refundable	$570,500p. 90	$42,000
Village Homes (1500)	1,500 to 1,680	Traditional	$260,900p. 90	$20,000
Village Homes (1500)	1,500 to 1,680	50% Refundable	$397,700p. 90	$29,000
Village Homes (1500)	1,500 to 1,680	90% Refundable	$511,800p. 90	$42,000
Village Homes (1980)	1,800 to 1,980	Traditional	$317,800p. 90	$20,000
Village Homes (1980)	1,800 to 1,980	50% Refundable	$481,700p. 90	$29,000
Village Homes (1980)	1,800 to 1,980	90% Refundable	$592,600p. 90	$42,000
Cottage (Large) / Loblolly	1,520	Traditional	$317,800p. 90	$20,000
Cottage (Large) / Loblolly	1,520	50% Refundable	$481,700p. 90	$29,000
Cottage (Large) / Loblolly	1,520	90% Refundable	$592,600p. 90	$42,000
Dogwoods 1 Bedroom, 1.5 Bath (A)	1,024	Traditional	$233,300p. 90	$20,000
Dogwoods 1 Bedroom, 1.5 Bath (A)	1,024	50% Refundable	$336,400p. 90	$29,000
Dogwoods 1 Bedroom, 1.5 Bath (A)	1,024	90% Refundable	$468,800p. 90	$42,000
Dogwoods 2 Bedroom, 2 Bath (1269) (B)	1,269	Traditional	$252,100p. 90	$20,000
Dogwoods 2 Bedroom, 2 Bath (1269) (B)	1,269	50% Refundable	$384,200p. 90	$29,000
Dogwoods 2 Bedroom, 2 Bath (1269) (B)	1,269	90% Refundable	$531,300p. 90	$42,000
Dogwoods 2 Bedroom, 2 Bath (1343) (B1)	1,343	Traditional	$263,100p. 90	$20,000
Dogwoods 2 Bedroom, 2 Bath (1343) (B1)	1,343	50% Refundable	$396,500p. 90	$29,000
Dogwoods 2 Bedroom, 2 Bath (1343) (B1)	1,343	90% Refundable	$544,400p. 90	$42,000
Dogwoods 2 Bedroom w/Den, 2 Bath (C)	1,477	Traditional	$278,100p. 90	$20,000
Dogwoods 2 Bedroom w/Den, 2 Bath (C)	1,477	50% Refundable	$421,100p. 90	$29,000
Dogwoods 2 Bedroom w/Den, 2 Bath (C)	1,477	90% Refundable	$566,700p. 90	$42,000
Dogwoods 2 Bedroom w/Den, 2 Bath (end unit) (C1)	1,586	Traditional	$296,800p. 90	$20,000
Dogwoods 2 Bedroom w/Den, 2 Bath (end unit) (C1)	1,586	50% Refundable	$448,500p. 90	$29,000
Dogwoods 2 Bedroom w/Den, 2 Bath (end unit) (C1)	1,586	90% Refundable	$575,200p. 90	$42,000
Pine Crest 2 Bedroom, 2 Bath (1497/1531)	1,500	Traditional	$279,000p. 90	$20,000
Pine Crest 2 Bedroom, 2 Bath (1497/1531)	1,500	50% Refundable	$414,900p. 90	$29,000
Pine Crest 2 Bedroom, 2 Bath (1497/1531)	1,500	90% Refundable	$588,300p. 90	$42,000
Pine Crest 2 Bedroom, 2 Bath (1544/1566)	1,550	Traditional	$290,900p. 90	$20,000
Pine Crest 2 Bedroom, 2 Bath (1544/1566)	1,550	50% Refundable	$433,300p. 90	$29,000
Pine Crest 2 Bedroom, 2 Bath (1544/1566)	1,550	90% Refundable	$608,400p. 90	$42,000
Pine Crest 2 Bedroom w/Den, 2 Bath (1730)	1,730	Traditional	$326,100p. 90	$20,000
Pine Crest 2 Bedroom w/Den, 2 Bath (1730)	1,730	50% Refundable	$481,500p. 90	$29,000
Pine Crest 2 Bedroom w/Den, 2 Bath (1730)	1,730	90% Refundable	$672,700p. 90	$42,000
Pine Ridge 2 Bedroom, 2 Bath (1544/1566)	1,628	Traditional	$291,300p. 90	$20,000
Pine Ridge 2 Bedroom, 2 Bath (1544/1566)	1,628	50% Refundable	$428,700p. 90	$29,000
Pine Ridge 2 Bedroom, 2 Bath (1544/1566)	1,628	90% Refundable	$608,500p. 90	$42,000
Pine Ridge 2 Bedroom w/Den, 2 Bath (1730)	1,717	Traditional	$326,100p. 90	$20,000
Pine Ridge 2 Bedroom w/Den, 2 Bath (1730)	1,717	50% Refundable	$481,500p. 90	$29,000
Pine Ridge 2 Bedroom w/Den, 2 Bath (1730)	1,717	90% Refundable	$672,700p. 90	$42,000

Monthly fees

What residents pay each month, by contract and level of care. A second person adds the amount shown.

Life Care Residency Agreement · Type A (life care) (25 prices, $3,008 to $6,408)

Unit	Level of care	Per month, one person	Second person
Studio A	Independent living	$3,008p. 90	$1,850
Studio B	Independent living	$3,274p. 90	$1,850
1 Bedroom A	Independent living	$3,756p. 90	$1,850
1 Bedroom B	Independent living	$3,979p. 90	$1,850
1 Bedroom/Den	Independent living	$4,294p. 90	$1,850
2 Bedroom	Independent living	$5,004p. 90	$1,850
Deluxe A or B	Independent living	$5,838p. 90	$1,850
Cottage (Small)	Independent living	$5,838p. 90	$1,850
Deluxe D	Independent living	$6,175p. 90	$1,850
2 Bedroom Combo A	Independent living	$5,962p. 90	$1,850
2 Bedroom Combo B	Independent living	$6,052p. 90	$1,850
2 Bedroom Combo D	Independent living	$6,117p. 90	$1,850
Village Homes (1500)	Independent living	$5,939p. 90	$1,850
Village Homes (1980)	Independent living	$6,259p. 90	$1,850
Cottage (Large) / Loblolly	Independent living	$6,259p. 90	$1,850
Dogwoods 1 Bedroom, 1.5 Bath (A)	Independent living	$5,353p. 90	$1,850
Dogwoods 2 Bedroom, 2 Bath (1269) (B)	Independent living	$5,760p. 90	$1,850
Dogwoods 2 Bedroom, 2 Bath (1343) (B1)	Independent living	$5,962p. 90	$1,850
Dogwoods 2 Bedroom w/Den, 2 Bath (C)	Independent living	$6,052p. 90	$1,850
Dogwoods 2 Bedroom w/Den, 2 Bath (end unit) (C1)	Independent living	$6,210p. 90	$1,850
Pine Crest 2 Bedroom, 2 Bath (1497/1531)	Independent living	$5,772p. 90	$1,850
Pine Crest 2 Bedroom, 2 Bath (1544/1566)	Independent living	$6,081p. 90	$1,850
Pine Crest 2 Bedroom w/Den, 2 Bath (1730)	Independent living	$6,408p. 90	$1,850
Pine Ridge 2 Bedroom, 2 Bath (1544/1566)	Independent living	$6,098p. 90	$1,850
Pine Ridge 2 Bedroom w/Den, 2 Bath (1730)	Independent living	$6,408p. 90	$1,850

Fee increases, year by year

Year	Level of care	Unit	Increase	Monthly fee, before and after
2023	Independent living	Studio A	6%calculated from the dollar amounts	$2,838 to $3,008p. 162
2022	Independent living	Studio A	3%calculated from the dollar amounts	$2,755 to $2,838p. 162
2021	Independent living	Studio A	2.5%calculated from the dollar amounts	$2,688 to $2,755p. 162

Refunds

What comes back from the entrance fee when you leave or die, and when it is paid.

Traditionalp. 17

The refund is the adjusted entrance fee less 2% for each month from occupancy until the unit is vacated; after 50 months nothing is refunded. Paid within 120 days of the vacated apartment becoming available for re-occupancy.

Kept on move-in: 0% of the fee
Declines by: 2% a month for 50 months
Never less than: Nothing: it can decline to zero
Longest wait: 4 months
Paid: Within a fixed number of days

50% Refundablep. 17

The refund falls 2% a month for the first 25 months and never below 50% of the adjusted entrance fee. Paid only after the unit is re-occupied and the new resident's full entrance fee is received (after their 7-day rescission period).

Kept on move-in: 0% of the fee
Declines by: 2% a month for 25 months
Never less than: 50% of the fee
Longest wait: No limit stated
Paid: When your unit is re-occupied and the new resident has paid

90% Refundablep. 17

90% of the adjusted entrance fee is refunded regardless of when the resident leaves, paid only after the unit is re-occupied and a new entrance fee has been paid.

Kept on move-in: 10% of the fee
Declines by: Does not decline
Never less than: 90% of the fee
Longest wait: No limit stated
Paid: When your unit is re-occupied and the new resident has paid

Refund calculator

Refund planEntrance fee paid ($)Years until moving out or death

Estimated refund: $0 (0% of the fee)

When it is paid: within a fixed number of days. This applies the plan terms as recorded from the filing, counting a part month as a whole one. The signed contract governs, and charges you owe or care paid for from the fee can be deducted first.

How entrance-fee refunds work, and why the payment date matters

Finances

Whether the organisation behind the community has the cash and income to keep its promises for decades.

Brandon Oaks is part of Virginia Lutheran Homes, Inc. Obligated Group.
Balance sheet: Brandon Oaks (Virginia Lutheran Homes, Inc. column).
Ratios: Brandon Oaks (DSC); Virginia Lutheran Homes Obligated Group (days cash).

Days cash on hand

301 days FY2022p. 137

Its lenders’ minimum: 120 daysp. 123
Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs

Debt service coverage

1.43x FY2022p. 137

Its lenders’ minimum: 1.20xp. 123
Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs

Read with these figuresDays cash on hand is for the Obligated Group (VLH corporate plus Brandon Oaks), from audit supplementary schedules; debt service coverage is Brandon Oaks alone (Obligated Group 1.39x).

How to read these figures: what each one measures and why a lender’s minimum is a floor, not a target.

Balance sheet and trend

Fiscal year	FY2022p. 141	FY2021p. 147
Days cash on hand	301 days	378 days
Debt service coverage	1.43x	2.59x
Total assets	$71.4 million	$68.0 million
Total liabilities	$89.2 million	$89.6 million
Long-term debt	$48.4 million	Not disclosed
Entrance fees not yet earned (deferred revenue)	$24.7 million	Not disclosed
Refunds owed to residents (refundable fee liability)	$13.7 million	Not disclosed
Net position (assets minus liabilities)	−$17.8 million	−$21.6 million

Auditor: Brown Edwards. Opinion: Unmodified (clean) opinionp. 141

Occupancy

Level of care	2022p. 141
Independent living	84.9%
Assisted living	78.6%
Memory care	77.1%
Nursing care	88%

Events the filing reports

Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.

2022-08 Nursing and Rehab Center and Memory Care renovation completed in August 2022, after beds were unavailable for most of 2022.p. 141

Nursing care on campus

From CMS Care Compare, data as of 2026-09-01. These are the federal government’s ratings of the nursing center, not ours.

Overall: 5 of 5
Health inspections: 4 of 5
Staffing: 5 of 5
Quality measures: 4 of 5

Fines recorded by CMS: 0. Health citations since 2023-10-16: 0. BRANDON OAKS NURSING AND REHABILITATION CENTER on Care Compare

In brief

Brandon Oaks is a Lutheran-affiliated nonprofit continuing care retirement community in Roanoke, Virginia, opened in 1993, with 192 independent living residences, 40 assisted living apartments, 26 memory care units and a 62-bed nursing and rehab center. Its life care contract keeps the monthly fee unchanged through higher levels of care (plus two meals a day), with traditional, 50% or 90% refundable entrance fees from $101,900 in 2023. This filing is from April 2023 and reports FY2022 finances: 1.43x debt service coverage and 301 days cash for the obligated group, with net assets of -$17.8M.PDF

Nearest communities in Virginia

Friendship Retirement Community
Roanoke · 5 miles away
Entrance fee: None: rental
The Glebe
Daleville · 12 miles away
Entrance fee: $165,000 to $875,000
The Summit
Lynchburg · 43 miles away
Entrance fee: $133,000 to $891,000

Sources

Brandon Oaks (Virginia Lutheran Homes, Inc.) — Disclosure Statement (2023)Virginia State Corporation Commission, Bureau of Insurance · filed 2023, fiscal 2022 finances · 162 pages · retrieved 2026-10-15

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