CLW Health Care Services Group recently announced its advisory role to MMA Realty Capital Advisors, Inc. in the $11.35 million sale of Crystal Terrace, an Oregon senior housing community.
Located in Klamath Falls, the 87-unit property was sold to Quail Park of Klamath Falls, LLC, an affiliate of Seattle, Wash.-based Living Care, which owns and operates properties in Oregon, California, and Texas.
Crystal Terrace’s occupancy rate was 94% at closing but fell to 88.5% at beginning of marketing. The community, built in 1995, has 20 independent living cottages, 30 independent living apartments, and 37 assisted living units.
CLW specializes in exclusively representing selers in the sale of senior housing properties and has sold more than $1.4 billion in senior housing assets across the nation.
Written by Alyssa Gerace