JLL Capital Markets arranged the sale of a senior living community in Vancouver, Washington (Portland MSA). Built in 1989 and expanded in 1994, Van Mall Retirement comprises 191 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 handled the transaction.
JLL represented the seller, Lytle Enterprises, and procured the buyer, a regional Pacific Northwest owner/operator. JLL also procured acquisition financing from a regional bank on behalf of the buyer. The purchase price was $28 million, or $146,600 per unit.
