Foreign Investors Plot Suburban Residential Takeover Through Loudoun CountyBreccan F. Thies 6 Dec 2022
A foreign-owned private equity-backed rehab corporation is attempting to turn suburban America into luxury commercial rehabilitation facilities.
Newport Healthcare, which is primarily owned by the Toronto-based private equity firm Onex Partners, seeks to purchase suburban residential land in order to house patients and operate its rehabilitation centers in American neighborhoods.
One of the company’s attempted footholds is Loudoun County, Virginia — a wealthy suburb of Washington, DC, where the granting of permits could set precedent for other suburban neighborhoods, forcing families to live near treatment facilities for substance abuse, trauma, and other issues.
Residents are concerned that such commercial use in their neighborhoods would result in “opening Loudoun residential zones to this corporate misuse, negatively impacting home values, private equity acquiring more family residences, and fundamentally changing the neighborhood with commercial-level traffic, noise, risk of runaways, emergency service calls, and public disturbances that are reported around their other locations.”
Newport has acquired a subdivision of three single-family homes as well as ten adjacent acres of land, totaling a 25-acre facility, in Loudoun County.
The company attempted a similar arrangement in the wealthy McLean area of neighboring Fairfax County, where zoning officials denied requests to convert the residences into rehabilitation facilities.
more
https://www.breitbart.com/politics/2022/12/06/foreign-investors-plot-suburban-residential-takeover-loudoun-county/