Kirkland’s Senior Living Facility Madison House Sells for $13MM

Kirkland’s first senior living community, formerly owned by Olympia-based Koelsch Communities, sold the Madison House for $13,306,000 to Chicago-based Ventas, a real estate investment trust with a portfolio of nearly 1,300 seniors housing and healthcare properties. King County public records show $310,000 was deducted in personal property resulting in a taxable sales price of $12,996,000. […]