Senior Living Investment Brokerage Announces Sale of Pacific Northwest Assisted Living/Memory Care

June 2, 2023

Senior Living Investment Brokerage (SLIB) facilitated the sale of an unnamed assisted living and memory care facility in Portland, OR, according to a press release.

The 52,217-square-foot facility sits on just over four acres and consists of 72 units — 42 assisted living and 30 memory care; it was built in 1961 and renovated in 2021.

The seller was a local owner/operator looking to retire from the industry, while the buyer was a private equity company based in Salt Lake City, with senior living communities throughout the country. This is the buyer’s second community in the Portland market.

“The buyer is an experienced owner that will invest capital to renovate the rest of the community and build upon the excellent long-term reputation of the community,” said Jason Punzel, SLIB Managing Director.

Punzel, Brad Goodsell, Vince Viverito, and Jake Anderson of Senior Living Investment Brokerage handled the transaction.