Watermark Retirement Communities, Inc., an affiliate of The Freshwater Group, recently acquired and assumed management of a senior living community in Gresham, Ore. in a $39.45 million transaction.
Courtyard Fountains has 252 residences, comprised of 44 assisted living units and 208 independent living units. Occupancy at time of closing was at 93%.
Watermark will introduce its signature programs to the community and plans to make significant capital investments to the property’s physical plant.
Carl Mittendorff handled the transaction for The Freshwater Group.
Written by Alyssa Gerace