Coventry House, a 64-unit seniors housing community in Othello, WA, has been purchased by a Washington-based owner-operator in an all-cash transaction. The buyer already controls more than 10 seniors housing communities across the state, and the acquisition adds another established assisted and independent living asset to its portfolio. The sale price was not disclosed.
The community, constructed in 2003, comprises 50,456 square feet of space situated on 3.85 acres at 430 N. Second Ave. in Othello. The property is located near Othello Community Hospital, Lions Park and downtown Othello, positioning it close to medical services, outdoor amenities and local retail and services. The physical plant reflects a purpose-built seniors housing design dating from the early 2000s.
Coventry House includes a total of 64 residential units, made up of 48 assisted living units and 16 independent living cottage units. The independent living cottages feature one- and two-bedroom floor plans with full kitchens and garages, offering residents more residential-style accommodations while remaining on the same campus as the assisted living component. The assisted living units are designed to provide higher levels of support for residents who require daily assistance.
The seller was described as a longtime owner-operator who elected to dispose of the asset as part of a retirement strategy. Marcus & Millichap marketed the property, with a team of investment sales professionals representing the seller in the transaction. The brokerage team consisted of Michael Mooney, Nick Stahler, Chad Mundy and Joel Deis, who arranged the sale on behalf of the exiting ownership.
According to Mooney, the transaction allows the buyer to acquire a stabilized seniors housing community with room to increase occupancy over time. He noted that Coventry House is the only assisted living community within a 20-mile radius, highlighting its role as a key seniors housing option for the Othello area. The combination of an all-cash structure, a local owner-operator buyer and limited nearby competition frames the deal as a strategic, long-term investment in a community-serving seniors housing asset.
