Cushman & Wakefield Arranges $25M Sale of Memory Care Community in Portland
PORTLAND, ORE. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged the off-market sale of a 99-unit,114-bed memory care community in a Portland for $25 million.
This represents the second sale of the community within a 15-month period for the firm, with the first sale as part of a larger disposition of non-core assets for a public REIT.
The seller was a privately owned, California-based national operator. The buyer is a growing regional owner-operator based in the Portland metro area.
The Cushman & Wakefield team involved in the transaction was Rick Swartz, Jay Wagner, Aaron Rosenzweig and Dan Baker.