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Seattle & Northwest  + Portland  + Senior Housing  |  July 16, 2024
Jasmine Kilman
By: Jasmine Kilman

JLL Arranges $28M Sale, Financing of PNW Senior Housing

JLL has arranged the $28 million sale of Van Mall Retirement, a 191-unit senior living community located in the Portland, Oregon, suburb of Vancouver, Washington.

The JLL Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Senior Director Alanna Ellis, and Directors Dan Baker and Dean Ferris. JLL represented the seller, Lytle Enterprises, and procured the buyer, a regional Pacific Northwest owner and operator. In addition, JLL procured acquisition financing from a regional bank on behalf of the buyer.

Van Mall is located at 7808 NE 51st St., adjacent to the Vancouver Mall and approximately 10 minutes from Downtown Vancouver and Portland International Airport. Originally constructed in 1989 and expanded in 1994, Van Mall offers both independent and assisted living units available in one- and two-bedroom layouts.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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