Livingston Street Capital Buys Portland-Area Senior Housing Asset
- Oct 07, 2020
Focus Healthcare Partners has sold King City Senior Village, a 114-unit senior housing community in King City, Ore., to Livingston Street Capital.
The property last changed hands for $9.6 million in 2017, public records show. JLL assisted the seller in the current deal.
Situated on 3.7 acres at 11777 SW Queen Elizabeth St., the independent living property consists of duplex cottages and apartment homes completed in 1986. Amenities include multiple dining options, an on-site beauty and barber shop, lounge, library and game room. Services provided cover a wide array of needs, from social, cultural and recreational activities to scheduled transportation and weekly housekeeping. The property underwent significant renovations in 2018.
King City Senior Village is some 12 miles southwest of downtown Portland near Pacific Highway. There are many dining and shopping options in the surrounding area, including King City Plaza and Tigard Towne Square. Meridian Park Hospital is roughly 5 miles from the community.
JLL Managing Directors Cody Tremper and Mike Garbers, together with Associate Dean Ferris, were part of the Capital Markets team which represented Focus Healthcare Partners. Tremper and Garbers were also involved in the disposition of a 113-unit luxury senior community in Naples, Fla.