Press Releases
Marcus & Millichap Facilitates Sale of Seniors Housing Community in Othello, Washington
November 10, 2026
OTHELLO, Wash., Nov. 10, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Coventry House, a 64-unit seniors housing community composed of 48 assisted living units and 16 independent living cottage units in Othello, Washington.
“This transaction provided the buyer with an opportunity to acquire an established seniors housing community with potential for occupancy growth,” said Michael Mooney, director investments. “As the only assisted living community within a 20-mile radius, Coventry House serves an important role in the Othello area. An aging population and limited new development are expected to support continued demand for seniors housing in the market.”
Mooney, in Marcus & Millichap’s Portland office, Nick Stahler, of the firms Orange County office and Chad Mundy, of the firm’s Boise office, in association with Joel Deis, Marcus & Millichap’s Washington broker of record, represented the seller, a longtime owner-operator preparing for retirement. The buyer is a Washington-based owner-operator with more than 10 seniors housing communities. The transaction was completed with all cash.
Built in 2003, the 50,456-square-foot property is located at 430 N. Second Ave. on a 3.85-acre parcel. The community includes assisted living accommodations and independent living cottages with one- and two-bedroom floor plans, full kitchens and garages. Amenities include landscaped courtyards, walking paths and communal dining and activity areas. The property is located near Othello Community Hospital, Lions Park and downtown Othello, with access to state Route 26 and state Route 24.
“This transaction provided the buyer with an opportunity to acquire an established seniors housing community with potential for occupancy growth,” said Michael Mooney, director investments. “As the only assisted living community within a 20-mile radius, Coventry House serves an important role in the Othello area. An aging population and limited new development are expected to support continued demand for seniors housing in the market.”
Mooney, in Marcus & Millichap’s Portland office, Nick Stahler, of the firms Orange County office and Chad Mundy, of the firm’s Boise office, in association with Joel Deis, Marcus & Millichap’s Washington broker of record, represented the seller, a longtime owner-operator preparing for retirement. The buyer is a Washington-based owner-operator with more than 10 seniors housing communities. The transaction was completed with all cash.
Built in 2003, the 50,456-square-foot property is located at 430 N. Second Ave. on a 3.85-acre parcel. The community includes assisted living accommodations and independent living cottages with one- and two-bedroom floor plans, full kitchens and garages. Amenities include landscaped courtyards, walking paths and communal dining and activity areas. The property is located near Othello Community Hospital, Lions Park and downtown Othello, with access to state Route 26 and state Route 24.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
