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SLIB Brokers Sale of 38-Unit Cornerstone Care in Portland, Oregon

PORTLAND, Ore. — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Cornerstone Care Option, a 38-unit, 56-bed skilled nursing facility in Portland.

The community was originally built in 1955 on 7.3 acres, with renovations in 2006. The 98,700-square-foot asset was 98 percent occupied.

The seller was a local owner-operator looking to retire from seniors housing. A regional group based in the West acquired the property for an undisclosed price.

Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction.

The post SLIB Brokers Sale of 38-Unit Cornerstone Care in Portland, Oregon appeared first on Seniors Housing Business.

Source: Senior Housing Business

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