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HILLSBORO, Ore. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Harmony Guest Home, a 42-unit assisted living and memory care community in Hillsboro, a suburb of Portland.
The 22,597-square-foot community was built in 2002 with additions in 2006 and 2012.
A one-property owner-operator looking to retire sold the asset for $8 million. The buyer was a national private equity that will partner with a third-party operator.
The buyer plans to convert beds from assisted living to memory care and will also conduct a community-wide refresh.
Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction.