Cedarbrook, Fresno, Calif.

Ventas Buys Six Koelsch Seniors Housing Communities for $137M in Sale-Leaseback Transaction

by Nellie Day

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.

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