Ventas Buys Six Koelsch Seniors Housing Communities for $137M in Sale-Leaseback Transaction
Cedarbrook in Fresno, Calif., was one of the acquired properties.
OLYMPIA, WASH. — Ventas has acquired six seniors housing communities from Koelsch Communities for $137 million and will immediately lease all the properties back to the Olympia-based operator.
The communities acquired include Canterbury Park in Longview, Wash.; Cedarbrook in Fresno, Calif.; The Hampton & Ashley Inn and The Hampton at Salmon Creek both in Vancouver, Wash.; Madison House in Kirkland, Wash.; and Spring Creek Inn in Bozeman, Mont.
The transaction increases the number of Ventas-owned, Koelsch-operated communities to 18. The properties span the continuum of care.
Koelsch Communities operates 22 communities in seven states with eight more communities currently in development.