Clarion Partners Acquires Newly Delivered Senior Living Community in Spokane
Franklin Templeton and its specialist investment manager, Clarion Partners, announced that Clarion has acquired The Grand at Spokane, a newly delivered luxury senior living community in the Spokane, Washington area.
The acquisition was made on behalf of one of Clarion’s commingled funds. Delivered in 2024 and developed by NexCore Group, The Grand at Spokane is a luxury 137-unit, purpose-built senior care community offering independent living, assisted living, and memory care services. Located in the South Hill area of Spokane, the surrounding area benefits from proximity to major healthcare institutions, neighborhood retail, and established residential communities.
The Grand at Spokane will continue to be operated by Stellar Senior Living, the property’s incumbent operator. “This acquisition reflects our conviction in high-quality healthcare real estate supported by strong operators and favorable long-term demographics,” said Julie Robinson, Head of Healthcare at Clarion Partners.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout