Ventas Inc. Acquires Arbor Village Senior Housing In Kent, WA For $24.08M From KKR & Co

The asset involved in this transaction is a senior housing property known as Arbor Village, located at 24121 116th Avenue Southeast in Kent, WA. The property was sold for $24,080,000, translating to approximately $166,069 per unit. It comprises 145 units and offers independent living, assisted living, and memory care across three buildings, built in 1999.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $24,080,000
• Units: 145
• PPU: $166,069
• Buyer: Ventas Inc.
• Seller: KKR & Co.

This transaction demonstrates the involvement of Ventas Inc. as the buyer, acquiring the property from an affiliate of KKR & Co., the seller. The deal reflects the ongoing investment interest in senior housing sectors by major firms.