Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



PACIFIC NORTHWEST NEWS
Printer-friendly Version   Email an Associate
OR Independent / Assisted Living Facility Trades for $55 Mil

1/21/16

American Realty Capital Healthcare Trust II LLC (“ARC”) has acquired Courtyard Fountains, a 252-unit independent and assisted living community in Gresham, OR. The property was sold by an unnamed private equity group for $55 mil, or $218k/unit.

Courtyard Fountains, located in the Portland area, was built in three phases between 1996 and 2010, and underwent more than $2.4 mil in acquisition-to-date (2012) capital improvements. Occupancy as of closing was near 93 percent. Additionally, CBRE, through its Freddie Mac Seller Servicer direct lending program, facilitated the loan assumption of an existing $25 mil, fixed rate loan originated by CBRE in December 2012.

Lisa Widmier and Matthew Whitlock of CBRE’s National Senior Housing team represented the seller in the deal. Aron Will, Executive Vice President of CBRE’s National Senior Housing team, facilitated the loan assumption on behalf of the buyer, now known as Healthcare Trust Inc. (“HTI”). HTI has engaged Portland-based Frontier Management to take over operations of the property.





Return to the Archive page


 
 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media