The Park at Belle Harbour – Sold

The Park at Belle Harbour is an ASSISTED LIVING/MEMORY CARE DEVELOPMENT just across Lake Washington from Seattle in Bellevue, WA. This 140-unit (148 bed) combination facility is under development by Koelsch Senior Communities (“Koelsch”) in the growing market of Bellevue, WA, less than 2 miles from Overlake Hospital and downtown Bellevue. The project comprises two buildings connected via sky bridge, including one assisted living building with 80 units (80 beds), and one memory care building with 60 units (68 beds). Key investment opportunities include the high existing market occupancies coupled with significant unmet demand, strong income levels and home values, and high barriers to entry.