After developing an assisted living community in Hillsboro, Oregon, a local owner/operator is exiting the industry with the sale of its last seniors housing asset. Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage helped with the sale. The community opened last year and was still in lease-up by the time of the sale, with occupancy reaching about 50%. It features 90 beds in 72 units and offers both assisted living and memory care services.
A private equity firm based in Texas paid an undisclosed amount for the community and will use a Pacific Northwest operator as the manager.
