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A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased three class-A seniors housing properties totaling 253 units in suburban Seattle and Northern California free and clear of existing financing.
“Black Creek Group has been active within the region for a number of years and the completion of these transactions demonstrates our ability to perform and create value for investors,” says Dave Fazekas, Black Creek Group's senior managing director for the Eastern Region.
Westmount at the Colonnade is strategically located within minutes of major employers including GM's assembly plant, which recently underwent a $1.4 billion expansion, adding 3,179 jobs and 1.2 million square feet.
The 58-acre Pinecrest consists of 400,000 square feet of retail space, two Class A office buildings totaling 160,000 square feet, 87 high-end luxury apartments, and a 145-key AC Hotel by Marriott.