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Seattle & Northwest  + Washington  + Healthcare  | 

$115M Development Financing for Seattle Seniors Project

Columbia Pacific Advisors secured $114.69 million in financing for the development of 620 Terry, a luxury, high-rise seniors housing property in Seattle’s First Hill neighborhood. The property will include 243 Class A residential units comprising 194 independent living units, 21 assisted living units and 28 memory care units.

The 24-story property is due for completion in 2019, and will feature a high level of amenities, care and treatment, including concierge services, a full-service restaurant, bistro/café, two bars and top-level club room. Additionally, 620 Terry will have an auditorium, theater, wellness suite/gym and other activity spaces.

The property is situated within a five-block radius of three major area hospital systems, and is less than one mile from an array of lifestyle and entertainment amenities in downtown Seattle.

HFF’s David Fasano, Sarah Anderson, Casey Davidson, Ryan Maconachy and Chad Lavender represented the borrower. The participating development loan was provided by HCP, Inc.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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