Home Finance Veda Living Buys 48-Unit Assisted Living Community in Spokane for $2.5MM

Veda Living Buys 48-Unit Assisted Living Community in Spokane for $2.5MM

(Editor’s Note: The sales price was $2.5 million, or approximately $52,083 per unit, according to Spokane County public records. The seller was an entity affiliated with the Sarff family.)

SPOKANE, Wash.–Veda Living, a trailblazer in senior living solutions, is thrilled to announce its recent acquisition of Colonial Court, a 48-unit assisted living and memory care community nestled in the heart of Spokane Valley, Washington. This strategic acquisition, masterfully negotiated by Blake Bozett from “The Zett Group,” represents a pivotal moment in Veda Living’s mission to revolutionize senior living through innovation, cutting-edge technology, and unwavering dedication to resident well-being.

Charting New Territories in Senior Care

Built in the mid-90s and meticulously renovated, Colonial Court is not just a property acquisition; it’s a canvas for pioneering innovation. Veda Living will deploy this community as a “test community” to explore uncharted territories, setting the stage for transformative advancements. The community’s size and layout make it an ideal playground to redefine the future of senior living—an ambitious vision championed by CEO Amber Williams.

“As we stand at the crossroads of the evolving senior care landscape, Veda Living is committed to leading the way through innovation and forward-thinking solutions,” stated Amber Williams, CEO of Veda Living. “Colonial Court is our launchpad to explore groundbreaking concepts that will shape the senior living experience for the next decade and beyond.”

Proximity Breeds Creativity

Strategically located near Veda Living’s Idaho office, Colonial Court offers a unique advantage—a flagship community in close proximity that fosters creativity, flexibility, and dynamic experimentation. Here, Veda Living will investigate the role of technology in enhancing the lives of residents, ensuring they experience the highest quality of life.

A Record of Success

Veda Living’s remarkable track record is underscored by a company-wide occupancy rate of 97%, a testament to its unwavering commitment to excellence. The company’s history of successfully turning around senior living communities further solidifies its position as an industry leader.

“We have every reason to believe that our transformation of Colonial Court will be no different,” Williams affirmed. “With dedication, innovative strategies, and our seasoned team, we are poised to unlock this community’s full potential within a mere 18 months.”

Join Us on This Exciting Journey

Veda Living extends an invitation to investors and stakeholders in the senior living industry to join them in this exciting journey of innovation, transformation, and growth. Colonial Court embodies Veda Living’s vision for the future of senior living, and the company seeks strategic partners who share their commitment to redefining the senior care landscape.