Timber Ridge Continuing Care Retirement Community - Issaquah, WA  Web: TimberRidgeAtTalus.com

Opportunity:
Timber Ridge is a joint-venture of The Westminster Funds and Life Care Services LLC (LCS) of Des Moines, IA, the largest private owner/operator of CCRC's in the U.S. LCS is recognized as the leader in retirement planning, development and management, having completed more than 100 projects in its 28-year history without a single project failure. The typically stable, growing cash flows of CCRC's align with the quality risk-adjusted returns sought by The Westminster Funds.

View a detailed map of this property (MapQuest).
  • Property: Continuing Care Retirement Community

  • Size: 301 Independent Living Units on 9.4 Acres in two phases
  • Built: Phase I - February 2008
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  • Start Date: Pre-development Marketing begun Fall 2003


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  • Ownership: Westminster-LCS III LLC, Owned in joint-venture with Life Care Services, 85% Westminster Funds V (80%) and VI (20%) and 15% Life Care Services
  • Equity Capital: $21,697,000

 

 



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