CNL Lifestyle Properties (Orlando) has acquired La Conner Retirement Inn in La Conner, Wash., and South Pointe Assisted Living in Everett, Wash., for approximately $12.5 million. Both properties will be operated by affiliates of Radiant Senior Living Inc., under long-term net leases.
La Conner Retirement Inn is a 64,930-square-foot assisted living and independent living community with 67 units. The 60-unit main building is 58,240 square feet, and the campus includes seven cottages, totaling 6,690 square feet.
South Pointe Assisted Living is an assisted living and independent living community with 41 units. The main building is 22,717 square feet and the campus includes five cottages, totaling 7,430 square feet.
