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WENATCHEE, Wash. — JCH Senior Housing Investment Brokerage has arranged the sale of Riverwest Senior Living, a 65-unit independent living and assisted living community in the Central Washington city of Wenatchee.
A group of seniors housing industry veterans sold the property to a 1031 exchange buyer for $7.4 million.
The deal also included the placement of a new operator, simplifying the asset transfer.
Jim Hazzard and Nick Stahler were JCH’s lead agents on the transaction.