Grandbridge Arranges $11.2M in Seniors Housing Loan Modifications

SEATTLE and GAITHERSBURG, Md. — Grandbridge Real Estate Capital arranged $11.2 million in financing across three modification loans. Artin Anvar arranged the interest rate reduction (IRR) modifications through HUD’s IRR program. The first transaction, totaling $984,721, was secured by Hilltop

Aegis Living Opens Bellevue Overlake Community Near Seattle

BELLEVUE, Wash. — Aegis Living has opened Aegis Living Bellevue Overlake, located in the city of Bellevue where the company is headquartered. The community features 122 senior living apartments in the 106,000-square-foot-building. Its opening follows Aegis Living’s joint acquisition of

Transforming Age, SHAG Merge to Form Larger Nonprofit Operator

SEATTLE and BELLEVUE, Wash. — Washington-based nonprofits seniors housing operators Transforming Age and SHAG (Sustainable Housing for Ageless Generations) have announced the companies have officially affiliated. Transforming Age and SHAG will continue to operate as their own, independent 501(c)(3) nonprofit

Cadence, Fluornoy Break Ground on 128-Unit Community Near Seattle

KENT, Wash. — Cadence Living and Flournoy Development Group have broken ground on Cadence at Kent-Meridian in the Seattle suburb of Kent. The five-acre property is an infill location located adjacent to restaurants and other amenities, with views of Mount

Blueprint Brokers Sale of 110-Unit Assisted Living Community in Tacoma

TACOMA, Wash. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Northwest Retirement Assisted Living Community in Tacoma. The 110-unit community “provides an affordable option to the area’s growing senior population,” according to Blueprint. The long-time owner sold

Silverado Plans New Memory Care Community in Bellevue, Washington

BELLEVUE, Wash. — Silverado has announced plans for Silverado Bellevue Memory Care Community, it’s second property in Washington State. Construction is already underway, with a planned opening in December 2020. “Having grown up on the Eastside, our expansion into Bellevue

Blueprint Arranges Sale of Tri-Cities Retirement Inn in Pasco, Washington

PASCO, Wash. — Blueprint Healthcare Real Estate advisors has arranged the sale of Tri-Cities Retirement Inn, an 82-unit assisted living and memory care community in Passco, located in the southeast portion of Washington state. A Washington-based owner-operator acquired the property

M&T Provides $16.8M in Financing for High Point Village Near Seattle

ENUMCLAW, Wash. — M&T Realty Capital Corp. has provided a $16.8 million Freddie Mac loan for High Point Village, a seniors housing community in Enumclaw, approximately 35 miles southeast of Seattle. The community features 108 units of independent living, assisted