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Financing Deal for Senior Living Facility Underscores Demand for Property Type in Seattle

First Citizens Bank Provides Loan to Developers of 159-Unit GenCare Lifestyle Tacoma
Harrison Street Capital and Pacific Medical Buildings received a refinancing loan for a 159-unit senior housing facility in Tacoma, Washington. (GenCare LifeStyle Tacoma at Point Ruston)
Harrison Street Capital and Pacific Medical Buildings received a refinancing loan for a 159-unit senior housing facility in Tacoma, Washington. (GenCare LifeStyle Tacoma at Point Ruston)
CoStar News
June 24, 2024 | 10:36 P.M.

First Citizens Bank refinanced a construction loan for the joint venture that developed a senior housing development in Tacoma, south of Seattle, in a deal that underscores the high demand for such properties across the Pacific Northwest.

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