VANCOUVER, Wash. — JLL Capital Markets has arranged the $28 million sale of Van Mall Retirement, a 191-unit senior living community in the Portland, Oregon, suburb of Vancouver.
JLL represented the seller, Lytle Enterprises, and procured the buyer, a regional Pacific Northwest owner-operator. In addition, JLL procured acquisition financing from a regional bank on behalf of the buyer.
The property is adjacent to the Vancouver Mall and approximately five miles from downtown Vancouver and 10 miles from Portland International Airport. Additionally, the property is located close to Interstate 205, State Route 500 and Interstate 5, providing access to the greater Vancouver and Portland area.
Originally constructed in 1989 and expanded in 1994, Van Mall offers both independent and assisted living units available in one- and two-bedroom layouts.
Jay Wagner, Rick Swartz, Aaron Rosenzweig, Alanna Ellis, Dan Baker and Dean Ferris led the JLL team.