JLL successfully facilitated the sale of Van Mall Retirement, a 191-unit senior living community in Vancouver, Washington for $28 million. The team at JLL Capital Markets, led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig along with Senior Director Alanna Ellis and Directors Dan Baker and Dean Ferris expertly represented the seller Lytle Enterprises while also securing a regional Pacific Northwest owner/operator as the buyer. Additionally, JLL was able to secure acquisition financing from a regional bank on behalf of the buyer.
Conveniently located at 7808 NE 51st St., near popular attractions such as Vancouver Mall and just ten minutes away from Downtown Vancouver and Portland International Airport. Originally built in 1989 with an expansion completed in 1994,Van Mall offers one- or two-bedroom independent or assisted living units.
This successful transaction showcases JLL’s expertise in facilitating sales within the senior housing market.
