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Senior living operator enlarges Seattle-area campus ahead of retirement wave

Emerald secures bond financing to build 54 units in Gig Harbor, Washington
The 18-acre Heron’s Key campus in Gig Harbor, Washington, opened almost 10 years ago. (Emerald Communities)
The 18-acre Heron’s Key campus in Gig Harbor, Washington, opened almost 10 years ago. (Emerald Communities)
CoStar News
July 1, 2026 | 11:19 P.M.

A senior housing operator has secured over $107 million in investment bond financing to expand a facility in Gig Harbor, south of Seattle, as developers bet on increased demand from baby boomers entering their peak retirement years.

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