Senior Living Investment Brokerage was brought on by an out-of-state private equity group with a third-party operator to divest an assisted living/memory care community in Seattle, Washington.
Emerald City was built in 2006, renovated in 2017, and comprises 119 units with 51% occupancy. There is also a 11,102-square-foot parking garage included in the deal. Looking to improve that occupancy and the value of the community will be a regional owner/operator that is expanding its Washington State portfolio. The purchase price was not disclosed. Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson handled the transaction.
