Assisted Living Portfolio in Pacific Northwest Sells for $27.5 Million; Cassidy Turley’s McMurtry Represents Seller

  

Redwood Heights, Salem, OR

  

Allen McMurtry

TAMPA, FL – Aug. 5, 2013 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announces that Executive Managing Director Allen McMurtry has arranged the $27.5 million sale of a three-property assisted living portfolio in the Pacific Northwest.

The portfolio includes: Clearwater Springs, an 81-unit assisted living community in Vancouver, WA; Redwood Heights, an 80-unit assisted living community in Salem, OR; and Ocean Crest, a 61-unit community in Coos Bay, OR. The portfolio is 90% occupied and sold for $123,874 per unit.

Mr. McMurtry represented an institutional owner in its disposition of the portfolio.

Clearwater Springs, Vancouver, WA

Cassidy Turley’s Tampa Senior Housing team has sold 139 communities in 29 states with an aggregate sales volume of more than $1.6 billion.

For a complete copy of the company’s news release, please contact:

Bailey Webb                                                    

Corporate Public Relations Director                                           

404-682-3381                                        

Bailey.Webb@cassidyturley.com

                                              

www.cassidyturley.com