Marcus & Millichap Brokers Sale of 64-Unit Seniors Housing Community in Washington
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
- The 33rd Washington story tracked on the wire in November 2026. All Washington coverage →
- 122 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
OTHELLO, WASH. — Marcus & Millichap has brokered the sale of Coventry House, a 64-unit seniors housing community located in Othello in southeastern Washington. A Washington-based owner and operator with a portfolio of…
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