Arrowhead Gardens

Senior Tax-Credit Apartments

Market rent and absorption analysis for a proposed senior housing complex. In addition to 267 one-bedroom units and 182 two-bedroom units, the complex will include underground parking and five ground level retail spaces, measuring approximately 1,000 sf each. Analysis includes substantial age/ demographic and capture analysis, market trends, and detailed inventory survey and absorption.

Seattle

West Seattle, just North of White Center

449-units situated within four
buildings
Total building area over 400,000 sf
4-acre site

For RBC Capital Markets

Panorama City

Retirement Community, Nursing Home and Excess land

The largest continuing care retirement community (CCRC) in the northwest, located on a site containing a total of 112.95 acres. The property includes a variety of residential building types; carport and garages; and various other common, administrative, commercial, and service areas. The property is highly decentralized compared with most other Western Washington retirement communities. Appraisal report includes financial analysis of contracts, in addition to analysis of ongoing operations, going concern.

Lacey

830-unit retirement community,
including 151 licensesed nursing
facility beds
800 buildings, with 848,685 sf
gross living area

For Key Bank

Harbour Pointe Retirement Center

Assisted and Independent Living

Appraisal and consulting services, including mediation and litigation preparation, in conjunction with a purchase option for the property. Review and correction of outside appraisal work, specifically dealing with highest and best use, current and future trends, and most notably construction / replacement cost for similar facilities (part of the required scope for purchase agreement calculation). The segregation of intangible business components to value received careful consideration

Mukilteo

Snohomish County

107 rooms (45 DSHS licensed)
Three stories, plus basement

Consulting for purchase option