HILLSBORO, ORE. — Senior Living Investment Brokerage has negotiated the sale of HOLI Senior Living, a 72-unit assisted living and memory care community in Hillsboro, a suburb of Portland.
The community was built in 2019, totaling 39,460 square feet on 2.1 acres.
The seller was a local developer and operator, with this being its only seniors housing asset. A private equity firm from Texas bought the property for $15.5 million and installed a Pacific Northwest-based operator.
Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage handled the transaction.
“HOLI Senior Living is a well-built new community located in the western suburbs of Portland,” says Punzel. “The lease-up has been excellent throughout COVID and the new owners plan to continue to build on its reputation in the marketplace.”