Assisted Living and Independent Portfolio Sale
Jason Punzel recently represented the Seller in an Assisted Living and Independent Portfolio Sale. The Assisted Living and Independent Portfolio Sale consisted of four properties in Washington. The portfolio consisted of a total of 368 units for a price of $78,000,000 ($212,000 per unit). All four communities are located in Seattle’s greater metropolitan area. The communities were all constructed between 1989 and 2005. The entire portfolio consisted of approximately 354,083 total building square feet.
Seller and Buyer Overview
The Seller is a local investment group looking to capitalize on the strong market. The Buyer is Capitol Seniors Housing. The communities will be managed by MBK Senior Living> The new owner is planning to make significant capital investments to upgrade the properties to be more competitive in their respective markets and to also convert some independent living units to assisted living units and into memory care units.
Contact
For additional information on this assisted living and independent living portfolio sale or for an analysis of your seniors housing community, contact Jason Punzel of Senior Living Investment Brokerage, Inc. at 630/858-2501 or at punzel@slibinc.com
