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Van Mall Retirement, a 191-unit senior living community
located in the Portland, OR, suburb of Vancouver, Washington.
|
BOSTON, MA – JLL Capital Markets
has
arranged the $28 million sale of Van Mall Retirement, a 191-unit senior
living community located in the Portland, Oregon, suburb of Vancouver,
Washington.
 |
| Jay Wagner |
JLL represented the seller, Lytle Enterprises, and procured the buyer, a
regional Pacific Northwest owner and operator. In addition, JLL procured
acquisition financing from a regional bank on behalf of the buyer.
The JLL Capital Markets team was led by Senior Managing Directors Jay
Wagner, Rick Swartz and Aaron Rosenzweig, Senior Director Alanna
Ellis, and Directors Dan Baker and Dean Ferris.
Van Mall is located at 7808 NE 51st St., adjacent to the
Vancouver Mall and approximately 10 minutes from Downtown Vancouver and
Portland International Airport.
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| Rick Swartz |
Additionally, the property is conveniently
located close to Interstate 205, State Route 500 and Interstate 5, providing
access to the greater Vancouver and Portland area.
Originally constructed in 1989 and expanded in 1994, Van Mall offers
both independent and assisted living units available in one- and two-bedroom
layouts. All of the units are pet-friendly, and residents have access to an
on-site theater, salon and barbershop, fitness center, activity and games room,
arts and crafts studio, library and bistro.
JLL Capital Markets is a
full-service global provider of capital solutions for real estate investors and
occupiers.
 |
Alanna Ellis
|
The firm's in-depth local market
and global investor knowledge delivers the best-in-class solutions for clients
— whether investment sales and advisory, debt advisory, equity advisory or a
recapitalization.
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| Aaron Rosenzweig, |
The firm has more than 3,000
Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and
research resources, please visit JLL’s newsroom.
About Lytle Enterprises
With a long history of leadership and having been at the forefront of
the senior housing industry for over four decades, Lytle Enterprises is
well-respected in the senior housing industry.
Continuing to explore ways to improve the lives of their residents is a
cornerstone of Lytle Enterprises. The company’s innovation led the way in the
introduction of hotel-style design and amenities, health and wellness programs,
travel and concierge services, restaurant-style dining, and other senior-focused
services that are commonplace throughout the industry today.
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| Dan Baker |
Lytle Enterprises helped define
the best in senior living and continues to influence the design and operation
of retirement communities. The company is committed to the highest standards
for its residents, partners, and investors.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real
estate and investment management company, has helped clients buy, build,
occupy, manage and invest in a variety of commercial, industrial, hotel,
residential and retail properties.
A Fortune 500® company with
annual revenue of $20.8 billion and operations in over 80 countries around the
world, our more than 108,000 employees bring the power of a global platform
combined with local expertise.
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| Dean Ferris. |
Driven by our purpose to shape the future of real estate for a better
world, we help our clients, people and communities SEE A BRIGHTER WAYSM.
JLL is the brand name, and a
registered trademark, of Jones Lang LaSalle Incorporated..
Contact:
Kristen Murphy,
Director, Public Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@jll.com
jll.com
