The Herald Business Journal
LYNNWOOD — Quail Park of Lynnwood, a 15-acre senior housing community, has been acquired by a Chicago-based company.
CA Senior Living, the senior housing and development division of CA Ventures, announced the deal Friday to purchase the senior housing from Living Care Lifestyles. Terms were not released.
Quail Park is 130-unit building located at 4015 164th St SW, Lynnwood. The first phase was completed in 2014 and is fully leased with a wait list. The residences include 85 independent and assisted living apartments. Another 45 units are devoted to residents requiring memory care service.
A second phase is planned for construction this summer to add 109 independent and assisted living residences. A third phase is expected to add 13 detached duplex cottages, each offering 3,500 square feet of space for independent living.
The housing includes a salon, spa, fitness center, pub, movie theater, arts and crafts room, game rooms, library and indoor pool. Outdoors, residents can enjoy a bocce ball court, putting green, multiple courtyards with al fresco dining options and a community garden. The facility offers shuttle rides to health care, shopping, dining and entertainment.
CA Senior Living and Seattle-based Living Care Lifestyles entered into a joint venture with an affiliate of Goldman Sachs on the acquisition.
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