Oregon Senior Housing Community Sells for $11.4 Million

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.

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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

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