The Colonnades
Charlottesville, Virginia
- Operator:
- Welltower CCRC OpCo LLC (managed by Sunrise Senior Living Management, Inc.)
- Ownership:
- For-profit
- Affiliation:
- Not disclosed in the 2025 filing
- Opened:
- Not disclosed in the 2025 filing
Provider is a for-profit LLC ultimately >99% owned through Welltower OP LLC by Welltower Inc., a publicly traded REIT; day-to-day management by Sunrise (SSLMI). Land owned by UREF (University of Virginia Real Estate Foundation subsidiary) under a ground lease; Welltower PropCo Group LLC subleases the community to the provider. Welltower OP LLC has agreed to fund the provider's continuing-care obligations if needed (p4-6).
- Type C (fee for service)
Figures from the 2025 disclosure statement (fiscal 2024 finances), filed with the Virginia State Corporation Commission, Bureau of Insurance.PDF The finances describe fiscal 2024; this is the newest statement we have for The Colonnades, and a later one may have been filed since.
At a glance
Entrance fee, one person, every plan
Refund plans offered
- Non-Refundable Entrance Fee (4%/month for 12 months)Can decline to nothing
Days cash on hand
Read the note on this figure
The Colonnades had $0 in cash and no investments on its own balance sheet at December 31, 2024, so days cash on hand is not reported here (by the standard formula it would be zero). Its cash is held by the Sunrise management company and Welltower affiliates: it owed the management company $15,918,497 and was owed $6,112,967 by an affiliate. Welltower OP LLC has agreed to make funds available for the provider's continuing-care obligations (p5).
Independent living occupancy
Nursing care, CMS overall rating
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 C (fee for service): Care is charged at market rates when you need it.
How the contract types compare
Type C (fee for service)
Assisted living and nursing are paid separately from the monthly fee at the Health Center per diem rates plus ancillaries, adjustable on 30 days' notice. A resident sent to an outside facility for lack of space has the right to return on a priority basis.p. 32
- Assisted living
- Per diem, from $158.00/day unfurnished (base rate)
- Nursing care
- $328.00/day semi-private
| Independent living | 218 |
|---|---|
| Assisted living | 41 |
| Memory care | 16 |
| Nursing care | 34 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Non-Refundable Plan 1 · Type C (fee for service) (3 prices, $34,550 to $106,300)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| 1 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $34,550 to $71,425p. 10 | Not listed |
| 2 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $51,250 to $106,300p. 10 | Not listed |
| Cottage | Non-Refundable Entrance Fee (4%/month for 12 months) | $86,300 to $87,700p. 10 | Not listed |
Non-Refundable Plan 2 · Type C (fee for service) (3 prices, $74,950 to $188,350)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| 1 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $74,950 to $121,625p. 10 | Not listed |
| 2 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $107,600 to $188,350p. 10 | Not listed |
| Cottage | Non-Refundable Entrance Fee (4%/month for 12 months) | $168,350 to $180,925p. 10 | Not listed |
Non-Refundable Plan 3 · Type C (fee for service) (3 prices, $109,725 to $238,475)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| 1 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $109,725 to $150,825p. 10 | Not listed |
| 2 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $147,325 to $238,475p. 10 | Not listed |
| Cottage | Non-Refundable Entrance Fee (4%/month for 12 months) | $218,475 to $231,725p. 10 | Not listed |
Non-Refundable Plan 4 · Type C (fee for service) (3 prices, $154,225 to $292,775)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| 1 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $154,225 to $191,150p. 10 | Not listed |
| 2 Bedroom | Non-Refundable Entrance Fee (4%/month for 12 months) | $185,550 to $292,775p. 10 | Not listed |
| Cottage | Non-Refundable Entrance Fee (4%/month for 12 months) | $272,775 to $281,750p. 10 | Not listed |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Zero Entrance Payment · Type C (fee for service) (3 prices, $8,250 to $13,750)
Non-Refundable Plan 1 · Type C (fee for service) (3 prices, $7,525 to $12,250)
Non-Refundable Plan 2 · Type C (fee for service) (3 prices, $6,500 to $10,275)
Non-Refundable Plan 3 · Type C (fee for service) (3 prices, $5,750 to $9,350)
Non-Refundable Plan 4 · Type C (fee for service) (3 prices, $4,800 to $8,250)
Health Center per diem · Type C (fee for service) (2 prices, $4,803 to $9,971)
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | Zero Entrance Payment - 1 Bedroom | +$750 to $900 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Zero Entrance Payment - 2 Bedroom | +$950 to $1,225 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Zero Entrance Payment - Cottage | +$1,225 to $1,250 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Non-Refundable Plan 1 - 1 Bedroom | +$700 to $800 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Non-Refundable Plan 1 - 2 Bedroom | +$850 to $1,075 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Non-Refundable Plan 1 - Cottage | +$1,075 to $1,125 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Non-Refundable Plan 2 - 1 Bedroom | +$600 to $700 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Non-Refundable Plan 2 - 2 Bedroom | +$750 to $925 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Non-Refundable Plan 2 - Cottage | +$925 to $950 a month | Dollar change onlyp. 14 |
| 2025 | Independent living | Non-Refundable Plan 3 - 1 Bedroom | +$525 to $650 a month | Dollar change onlyp. 15 |
| 2025 | Independent living | Non-Refundable Plan 3 - 2 Bedroom | +$650 to $825 a month | Dollar change onlyp. 15 |
| 2025 | Independent living | Non-Refundable Plan 3 - Cottage | +$825 to $850 a month | Dollar change onlyp. 15 |
| 2025 | Independent living | Non-Refundable Plan 4 - 1 Bedroom | +$450 to $550 a month | Dollar change onlyp. 15 |
| 2025 | Independent living | Non-Refundable Plan 4 - 2 Bedroom | +$600 to $725 a month | Dollar change onlyp. 15 |
| 2025 | Independent living | Non-Refundable Plan 4 - Cottage | +$725 to $750 a month | Dollar change onlyp. 15 |
| 2024 | Independent living | Zero Entrance Payment - 1 Bedroom | +$450 to $600 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Zero Entrance Payment - 2 Bedroom | +$605 to $805 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Zero Entrance Payment - Cottage | +$805 to $870 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Non-Refundable Plan 1 - 1 Bedroom | +$580 to $670 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Non-Refundable Plan 1 - 2 Bedroom | +$715 to $890 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Non-Refundable Plan 1 - Cottage | +$890 to $920 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Non-Refundable Plan 2 - 1 Bedroom | +$505 to $610 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Non-Refundable Plan 2 - 2 Bedroom | +$620 to $745 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Non-Refundable Plan 2 - Cottage | +$745 to $770 a month | Dollar change onlyp. 14 |
| 2024 | Independent living | Non-Refundable Plan 3 - 1 Bedroom | +$440 to $525 a month | Dollar change onlyp. 15 |
| 2024 | Independent living | Non-Refundable Plan 3 - 2 Bedroom | +$535 to $675 a month | Dollar change onlyp. 15 |
| 2024 | Independent living | Non-Refundable Plan 3 - Cottage | +$675 to $715 a month | Dollar change onlyp. 15 |
| 2024 | Independent living | Non-Refundable Plan 4 - 1 Bedroom | +$375 to $465 a month | Dollar change onlyp. 15 |
| 2024 | Independent living | Non-Refundable Plan 4 - 2 Bedroom | +$490 to $625 a month | Dollar change onlyp. 15 |
| 2024 | Independent living | Non-Refundable Plan 4 - Cottage | +$625 to $650 a month | Dollar change onlyp. 15 |
| 2023 | Independent living | Zero Entrance Payment - 1 Bedroom | +$650 to $750 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Zero Entrance Payment - 2 Bedroom | +$795 to $1,020 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Zero Entrance Payment - Cottage | +$1,020 to $1,055 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Non-Refundable Plan 1 - 1 Bedroom | +$570 to $655 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Non-Refundable Plan 1 - 2 Bedroom | +$710 to $885 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Non-Refundable Plan 1 - Cottage | +$885 to $930 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Non-Refundable Plan 2 - 1 Bedroom | +$495 to $565 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Non-Refundable Plan 2 - 2 Bedroom | +$605 to $755 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Non-Refundable Plan 2 - Cottage | +$545 to $780 a month | Dollar change onlyp. 14 |
| 2023 | Independent living | Non-Refundable Plan 3 - 1 Bedroom | +$435 to $525 a month | Dollar change onlyp. 15 |
| 2023 | Independent living | Non-Refundable Plan 3 - 2 Bedroom | +$540 to $675 a month | Dollar change onlyp. 15 |
| 2023 | Independent living | Non-Refundable Plan 3 - Cottage | +$675 to $710 a month | Dollar change onlyp. 15 |
| 2023 | Independent living | Non-Refundable Plan 4 - 1 Bedroom | +$375 to $460 a month | Dollar change onlyp. 15 |
| 2023 | Independent living | Non-Refundable Plan 4 - 2 Bedroom | +$485 to $600 a month | Dollar change onlyp. 15 |
| 2023 | Independent living | Non-Refundable Plan 4 - Cottage | +$600 to $625 a month | Dollar change onlyp. 15 |
| 2022 | Independent living | Zero Entrance Payment - 1 Bedroom | +$250 to $275 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Zero Entrance Payment - 2 Bedroom | +$300 to $400 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Zero Entrance Payment - Cottage | +$400 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Non-Refundable Plan 1 - 1 Bedroom | +$225 to $250 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Non-Refundable Plan 1 - 2 Bedroom | +$275 to $350 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Non-Refundable Plan 1 - Cottage | +$350 to $375 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Non-Refundable Plan 2 - 1 Bedroom | +$200 to $250 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Non-Refundable Plan 2 - 2 Bedroom | +$250 to $325 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Non-Refundable Plan 2 - Cottage | +$300 to $325 a month | Dollar change onlyp. 14 |
| 2022 | Independent living | Non-Refundable Plan 3 - 1 Bedroom | +$175 to $200 a month | Dollar change onlyp. 15 |
| 2022 | Independent living | Non-Refundable Plan 3 - 2 Bedroom | +$200 to $275 a month | Dollar change onlyp. 15 |
| 2022 | Independent living | Non-Refundable Plan 3 - Cottage | +$275 a month | Dollar change onlyp. 15 |
| 2022 | Independent living | Non-Refundable Plan 4 - 1 Bedroom | +$150 to $175 a month | Dollar change onlyp. 15 |
| 2022 | Independent living | Non-Refundable Plan 4 - 2 Bedroom | +$200 to $225 a month | Dollar change onlyp. 15 |
| 2022 | Independent living | Non-Refundable Plan 4 - Cottage | +$225 to $250 a month | Dollar change onlyp. 15 |
| 2021 | Independent living | Zero Entrance Payment - 1 Bedroom | +$275 to $325 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Zero Entrance Payment - 2 Bedroom | +$350 to $425 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Zero Entrance Payment - Cottage | +$425 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Non-Refundable Plan 1 - 1 Bedroom | +$250 to $300 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Non-Refundable Plan 1 - 2 Bedroom | +$250 to $400 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Non-Refundable Plan 1 - Cottage | +$300 to $400 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Non-Refundable Plan 2 - 1 Bedroom | +$200 to $225 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Non-Refundable Plan 2 - 2 Bedroom | +$250 to $325 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Non-Refundable Plan 2 - Cottage | +$325 a month | Dollar change onlyp. 14 |
| 2021 | Independent living | Non-Refundable Plan 3 - 1 Bedroom | +$175 to $225 a month | Dollar change onlyp. 15 |
| 2021 | Independent living | Non-Refundable Plan 3 - 2 Bedroom | +$225 to $300 a month | Dollar change onlyp. 15 |
| 2021 | Independent living | Non-Refundable Plan 3 - Cottage | +$300 a month | Dollar change onlyp. 15 |
| 2021 | Independent living | Non-Refundable Plan 4 - 1 Bedroom | +$175 to $200 a month | Dollar change onlyp. 15 |
| 2021 | Independent living | Non-Refundable Plan 4 - 2 Bedroom | +$200 to $275 a month | Dollar change onlyp. 15 |
| 2021 | Independent living | Non-Refundable Plan 4 - Cottage | +$275 a month | Dollar change onlyp. 15 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Non-Refundable Entrance Fee (4%/month for 12 months)p. 10
If you leave in the first 12 months after moving in you get back the entrance fee less 4% per month of residency; after 12 months nothing is refunded. The second-person entrance fee is never refunded except within the 7-day rescission period.
- Kept on move-in
- 0% of the fee
- Declines by
- 4% a month for 12 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- No limit stated
- Paid
- Not disclosed in the 2025 filing
Refund calculator
Estimated refund: $0 (0% of the fee)
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.
- The Colonnades is part of Welltower CCRC OpCo, LLC (The Colonnades and Bedford Court, Silver Spring MD).
- Balance sheet: The Colonnades (column of Welltower CCRC OpCo, LLC combining balance sheet).
Days cash on hand
Not disclosed in the 2025 filing
- Its lenders’ minimum: Not disclosed in the 2025 filing
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
Not disclosed in the 2025 filing
- Its lenders’ minimum: Not disclosed in the 2025 filing
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Read with these figuresThe Colonnades had $0 in cash and no investments on its own balance sheet at December 31, 2024, so days cash on hand is not reported here (by the standard formula it would be zero). Its cash is held by the Sunrise management company and Welltower affiliates: it owed the management company $15,918,497 and was owed $6,112,967 by an affiliate. Welltower OP LLC has agreed to make funds available for the provider's continuing-care obligations (p5).
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 | FY2024p. 289 | FY2023p. 291 |
|---|---|---|
| Total assets | $26.5 million | $30.2 million |
| Total liabilities | $29.7 million | $35.4 million |
| Long-term debt | Not disclosed | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $12.9 million | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $0 | Not disclosed |
| Net position (assets minus liabilities) | −$3.2 million | −$5.1 million |
Auditor: Baker Tilly US, LLP. Opinion: Unmodified (clean) opinionp. 289
Occupancy
| Level of care | 2024p. 288 |
|---|---|
| Independent living | 87.6% |
| Assisted living | 94.1% |
| Memory care | Not disclosed |
| Nursing care | 64.7% |
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
Nursing care on campus
We have not linked this community’s nursing center to a CMS record. Nursing centers certified by Medicare can be looked up on CMS Care Compare.
In brief
The Colonnades in Albemarle County has 218 independent living apartments and cottages plus a Health Center with 41 assisted living suites, 16 memory care beds and 34 nursing beds. The provider is a for-profit Welltower subsidiary, and Sunrise manages the community day to day. Entrance fees are non-refundable after the first year (from $34,550 to $292,775 across four plans, or no entrance fee with a higher monthly fee), and assisted living and nursing are billed separately at daily rates.PDF
Nearest communities in Virginia
- Westminster-Canterbury of the Blue Ridge
Charlottesville · 5 miles away
Entrance fee: $226,829 to $1,410,651
- Summit Square
Waynesboro · 21 miles away
Entrance fee: $71,000 to $373,900
- Sunnyside
Harrisonburg · 29 miles away
Entrance fee: $68,600 to $809,200
Sources
- The Colonnades — Disclosure Statement 2025Virginia State Corporation Commission, Bureau of Insurance · filed 2025, fiscal 2024 finances · 292 pages · retrieved 2026-10-15
Each page tab above opens this PDF at the page the figure came from. Spotted a figure that does not match its page? Tell us and it is checked against the filing.