Oregon

Livingston Street Capital Acquires King City Senior Village Near Portland

by Jeff Shaw February 4, 2021

KING CITY, Ore. — An affiliate of Livingston Street Capital has acquired King City Senior Village, an independent living community in the Portland suburb of King City, Oregon. This is the first West Coast addition to the firm’s active adult and independent living portfolio. The property was recently renovated. The number of units and other details were not disclosed. “We’re focused on identifying core, core-plus and light value-add communities throughout the country that facilitate the lifestyles today’s 55+ residents desire, based on our expertise in the active adult and independent …

February 4, 2021

Finance News Oregon

CBRE Arranges Refinancing for 217-Unit Springs at Greer Garden in Eugene, Oregon

by Jeff Shaw January 7, 2021

EUGENE, Ore. — CBRE National Senior Housing has arranged a cash-out refinance for The Springs at Greer Garden, a 217-unit independent living, assisted living and memory care community in Eugene. This transaction represents CBRE’s second financing of the property. CBRE originally secured construction financing for the community in 2015. Aron Will, Austin Sacco and Tim Root of CBRE National Senior Housing arranged the refinance on behalf of a joint venture between The Springs Living and Harrison Street. The amount of the loan was not disclosed. The developers completed construction in …

January 7, 2021

Acquisitions Memory Care News Oregon

SLIB Brokers Sale of 29-Unit Emerson House Portland in Oregon

by Jeff Shaw December 18, 2020

PORTLAND, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Emerson House Portland, a memory care community in Portland. The property features 29 units totaling 55 bed. It was built in 1999 and renovated in 2013, now totaling 15,000 square feet on one third of an acre. A regional owner-operator existing the industry sold the asset to an Oregon-based operator for an undisclosed price. The new owner has agreed to operate the property as a COVID recovery facility for the State of Oregon. Jason Punzel, Brad Goodsell …

December 18, 2020

Acquisitions Independent Living News Oregon

Merrill Arranges Sale of Sale of Independent Living Community in Oregon for $4.1M

by Jeff Shaw November 23, 2020

NORTH BEND, Ore. — Merrill Commercial Real Estate has arranged the sale of a 69-unit independent living community in North Bend. The 44,000-square-foot community was part of a senior living portfolio that went into receivership in late 2019. The property is one of four properties in the portfolio that make up a continuum of care model in the local area. The name of the property and campus were not disclosed. Mike Merrill represented the court-appointed receiver. A California-based investment group focused on the multifamily sector paid $4.1 million for the …

November 23, 2020

Acquisitions Independent Living News Oregon

JLL Brokers Sale of King City Senior Village Near Portland, Oregon

by Jeff Shaw October 9, 2020

KING CITY, Ore. — JLL Capital Markets has arranged the sale of King City Senior Village in King City, a suburb of Portland. Focus Healthcare Partners soled the property to Livingston Street Capital for an undisclosed price. King City Senior Village is a 114-unit independent living property consisting of two living options: duplex cottages and traditional apartments. The community was built in 1986 and underwent significant renovations in 2018. The JLL Capital Markets team representing the seller includes Cody Tremper, Mike Garbers and Dean Ferris. “The property is standalone independent …

October 9, 2020

Development Independent Living News Oregon

Dallas Retirement Village Starts Construction of 29-Unit Independent Living Expansion in Oregon

by Jeff Shaw October 1, 2020

DALLAS, Ore. — Dallas Retirement Village, a seniors housing community in the Salem suburb of Dallas, has started construction of its Phase II expansion, known as Lodge Residences. The 60,000-square-foot project will complete the circle around the existing courtyard, adding 29 independent living apartments, an indoor pool, spa, fitness facilities and more. “Phase 1 was completed four years ago. Since then, we’ve continued to build a waiting list,” says Dave Parrett, the community’s executive director. “Having more apartments will make us more accessible to local seniors who would like to …

October 1, 2020

Acquisitions Memory Care News Oregon

Blueprint Arranges Sale of 55-Unit Baycrest Memory Care in Coos Bay, Oregon

by Jeff Shaw September 30, 2020

COOS BAY, Ore. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Baycrest Memory Care, a 55-unit community in the coastal city of Coos Bay. A joint venture between an Oregon-based operator and its capital partner acquired the property with plans for renovations to the property. Details on the seller and price were not disclosed.

September 30, 2020

Acquisitions Memory Care News Oregon

Merrill Commercial Real Estate Negotiates Sale of 55-Unit Memory Care Community in Oregon

by Jeff Shaw August 31, 2020

COOS BAY, Ore. — Merrill Commercial Real Estate has arranged the sale of a 55-unit memory care community in Coos Bay, located along the Pacific Coast in the southern portion of the state. The 28,000-square-foot community was vacant since 2018. It was part of a portfolio of four seniors housing properties that went into receivership in 2019. The sales price was $3 million, or $54,545 per unit. Tyler Merrill of Merrill represented the undisclosed seller, while Dan Mahoney of Blueprint Real Estate Advisors represented the undisclosed buyer.

August 31, 2020

Acquisitions News Oregon

Blueprint Brokers Sale of 190-Unit Community in Salem, Oregon

by Jeff Shaw July 23, 2020

SALEM, Ore. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 190-unit seniors housing campus in Salem. The community features 94 independent living apartments, 22 cottages and 72 assisted living units. At the time it was put on the market, the property generated a 30 percent profit margin and was still 94 percent occupied despite the pandemic, according to Blueprint. The seller was an ownership group finalizing its exit from seniors housing. The buyer was a local owner-operator with two other communities within a mile of the …

July 23, 2020

Acquisitions Independent Living News Oregon

Blueprint Negotiates Sale of 56-Unit Independent Living Community in Oregon

by Jeff Shaw July 17, 2020

KLAMATH FALLS, Ore. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 56-unit independent living community in Klamath Falls, located in the southern part of the state near the California border. The buyer is a regional owner-operator that plans to reposition the asset as an affordable option. The seller was not disclosed.

July 17, 2020

Newer Posts

Older Posts