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JLL Arranges Sale of 182-Unit Seniors Housing Property in Lynnwood
JLL has arranged the sale of Fairwinds Brighton Court, a 182-unit seniors housing community in Lynnwood, Washington.
JLL’s Senior Housing Capital Markets team, which represented the seller, was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenweig, Senior Director Dan Baker and Director Dean Ferris. A public REIT purchased the asset and has retained Leisure Care to continue managing the community. Fairwinds Brighton Court is located at 6520 196th St. SW, about 30 minutes north of downtown Seattle and 45 minutes from the Seattle-Tacoma International Airport. The 4.4-acre property is conveniently located near Interstate 5 and offers a variety of retail and medical facilities.
Originally built in 1988, Fairwinds Brighton Court has undergone extensive renovations in the last decade, including a full exterior building rehabilitation. The three-story community offers 124 independent living units and 182 assisted living units, both in studio, one- and two-bedroom layouts.
