Ventas Inc. Acquires Senior Housing Property From Artemis Real Estate Partners For $54M In Everett

The asset involved in this transaction is a senior housing complex located at 520 112th Street Southwest in Everett, WA. The property has a total of 148 units and was sold for a price of $54,000,000, which equates to a price per unit of $364,865. This senior housing facility was developed in 2002 and has undergone management by MorningStar Senior Living since 2021, which had a positive impact on occupancy rates prior to the sale.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $54,000,000
• Buyer: Ventas Inc.
• Seller: Artemis Real Estate Partners
• Units: 148
• Price per Unit: $364,865
• Market: Everett, WA
• Date of Sale: 07/31/2025

This transaction signifies a new partnership as Ventas acquired the Silver Lake community from Artemis Real Estate Partners, who developed the property. The deal highlights the transition of management and improvements made under MorningStar Senior Living, which took over management in 2021 and focused on enhancing occupancy levels.