PORTLAND, Ore. — Senior Living Investment Brokerage has arranged the sale of Tabor Crest Memory Care, a 27-unit memory care community in Portland. The price was not disclosed.
Tabor Crest was built in 2004 and expanded in 2008. Totaling 11,335 square feet on a 21,700-square-foot infill plot, the beds could potentially be expanded from 30 to 38.
The buyer was an affiliate of Granite Investment Group. The new owner has leased the property to Avalon Health Care Group.
This is the buyer’s first acquisition in Oregon with the plans to continue to acquire in the state. The seller was not disclosed.
Jason Punzel and Brad Goodsell of Senior Living Investment Brokerage handled the transaction.