Lakewood

What Lakewood does

Lakewood is a Life Plan Community (continuing care retirement community) operated by LifeSpire of Virginia, Inc., situated on 128 wooded acres in Richmond, Virginia's West End. It serves older adults through a full continuum of care that includes Independent Living, Assisted Living, Memory Support, Skilled Nursing, and Rehabilitation services on a single campus. Lakewood also operates AgeSmart by Lakewood, an in-home care service that extends its brand and clinical capabilities beyond the campus into the surrounding senior market.

The community's business model is the classic CCRC structure: residents typically pay an entry fee plus ongoing monthly service fees, with the community taking responsibility for escalating care needs as health changes. Revenue is therefore a mix of deferred entry-fee amortization, recurring service fees, and per-diem skilled nursing and rehabilitation revenue. Specialized clinical credentials, such as the Vohra Center of Excellence for Wound Management certification earned in June 2026, support higher-acuity referrals and quality differentiation.

Lakewood is part of the LifeSpire of Virginia nonprofit system alongside sister community The Summit, which provides scale advantages in shared services, governance, and capital access. In June 2026, the system issued $171.2 million in Series 2026 tax-exempt bonds to fund expansion and renovation at both communities. The organization is private and nonprofit, with no disclosed equity, public ratings beyond bondholder disclosures, or published revenue figures.

Name

Lakewood

Legal name

LifeSpire of Virginia, Inc.

Website

https://lakewoodwestend.org

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Lakewood is a nonprofit Life Plan Community on 128 wooded acres in Richmond, Virginia, operated by LifeSpire of Virginia, offering Independent Living, Assisted Living, Memory Support, Skilled Nursing, and Rehabilitation to older adults, plus the AgeSmart in-home care service.

Ownership category

akta.pro rank

Product category

Senior Living / Continuing Care Retirement Community

NAICS

Continuing Care Retirement Communities (623311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

akta.pro primary industry

Luxury/Resort-Style Independent Living Communities (HLADAAAC)

akta.pro secondary industry

Senior Living Property Management (BPAJAGAI)

Keywords

• Senior living community
• Continuing care retirement
• Assisted living services
• Memory support care
• Skilled nursing care

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Senior Living Fees: Monthly fees charged to residents for housing, dining, amenities, and care services across independent living, assisted living, memory support, skilled nursing, and rehabilitation levels. Residents can transition seamlessly between care levels as needs change, creating recurring revenue streams.
2. Entry Fee/Contract Options: Life Plan Community (CCRC) contract options that may include entrance fees or long-term care contracts, which is typical for continuing care retirement communities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Lakewood is a Life Plan Community (Continuing Care Retirement Community) located on 128 wooded acres in Richmond, Virginia. It offers a full continuum of senior living services including Independent Living, Assisted Living, Memory Support, Skilled Nursing, and Rehabilitation, along with a home-based care program (AgeSmart) serving older adults in the surrounding area.

Product overview

Lakewood is a Life Plan Community (also known as a Continuing Care Retirement Community or CCRC) offering a comprehensive portfolio of senior living services. The community provides a full continuum of care including Independent Living, Assisted Living, Memory Support, Skilled Nursing Care, and Rehabilitation services. Residents can start at any level of care and seamlessly transition to higher levels as their needs change. Additionally, the affiliated AgeSmart program extends care options to seniors choosing to remain in their own homes. The community is situated on 128 wooded acres in Richmond's West End and is operated by LifeSpire of Virginia.

Differentiator

Problem solved

Functional benefit

Brands

• AgeSmart: Age in place at home with assured care when you need it - a home care option offered by LifeSpire of Virginia

Quantifiable outcome

• Vohra Center of Excellence certification for Wound Management - recognized for excellence in skilled nursing wound care

Named customers3 records

Segments5 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Vohra Wound PhysicianscoreStrategic or Co-development Partner · 18 June 2026Lakewood's skilled nursing center has been certified by Vohra Wound Physicians as a Center of Excellence for Wound Management. This certification recognizes excellence in wound care services provided to residents, demonstrating the community's commitment to high-quality medical care.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Brookdale Senior Living: Largest US senior living operator offering independent living, assisted living, memory care, and skilled nursing across a multi-state portfolio. Directly comparable to Lakewood in continuum-of-care product offering, though far larger and for-profit.
• Acts Retirement-Life Communities: Nonprofit operator of multiple CCRCs / Life Plan Communities across the mid-Atlantic and southeast, directly comparable to Lakewood in nonprofit structure, CCRC model, and regional footprint.
• Five Star Senior Living: Operates independent living, assisted living, and memory care communities nationwide; comparable service mix though without Lakewood's full CCRC continuum and skilled nursing depth.
• Erickson Senior Living: Manages large-scale continuing care retirement communities on master-planned campuses with full care continuums and entrance-fee contracts, the closest direct analog to Lakewood's CCRC model.
• Senior Lifestyle: Manages senior living communities offering independent living, assisted living, memory care, and skilled nursing with an amenity-rich lifestyle focus similar to Lakewood's.
• Atria Senior Living: Operates senior living communities across the US offering independent living, assisted living, and memory care with a hospitality-focused, amenity-rich model paralleling Lakewood's positioning.
• Sunrise Senior Living: National senior living operator providing assisted living, memory care, independent living, and skilled nursing with a premium service positioning similar to Lakewood's resort-style experience.

Broad incumbents

• Life Care Services: Large third-party manager of senior living communities including CCRCs nationwide; comparable as a CCRC operator and management platform but operates at much larger scale and across many brands.

Regional players

• Morningside of Bellgrade / Virginia-based CCRCs: Regional senior living and assisted living providers serving the Richmond/Virginia market, competing for the same local resident pool as Lakewood in the Richmond West End.
• The Summit (LifeSpire of Virginia): Sister LifeSpire community and co-beneficiary of the $171.2M bond financing; operates a comparable CCRC model within the same Virginia footprint, making it the closest intra-portfolio peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@vabaptisthomes
• Facebookfacebook.com/lakewoodretirementcommunity
• LinkedInlinkedin.com/company/lakewood-manor-baptist-retirement-community

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lakewood