GRESHAM, ORE. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community in Gresham, an eastern suburb of Portland.
This undisclosed property features a total of 135 units. The community was built in 1988 and expanded in 1998. The facility is approximately 103,090 square feet and is situated on approximately 4.1 acres of land.
The seller is a Portland based owner-operator divesting of its only senior living community. The buyer is a regional owner-operator seeking to grow its Pacific Northwest portfolio. The price was not disclosed.
The buyer plans to implement multiple capital improvement projects, including the addition of a bistro, movie theater and other common area improvements.
Brad Goodsell, Jason Punzel and Vince Viverito of SLIB handled the transaction.