Senior Living Investment Brokerage Announces 30-Unit/40-Bed Memory Care Community Sale

August 11, 2023

PORTLAND, OR — Senior Living Investment Brokerage has brokered the sale of a memory-care facility in this Pacific Northwest city. The community, built in 2010 and added onto in 2013, consists of 30 units/40 beds over 16,300 square feet on approximately two acres of land.

The seller is a real estate investment trust, and the buyer is a local owner/operator that  plans to spend money on capital improvements and focus improving occupancy and operations.

“The seller is a REIT divesting of non-core, smaller assets,” said SLIB Managing Director Jason Punzel. “This will be a good opportunity for a local owner/operator to focus on capital improvements and operations.”

Punzel, Brad Goodsell, and Vince Viverito of SLIB handled the transaction