Timber Ridge LPC – Issaquah, WA

Opportunity:

Timber Ridge is a joint-venture of The Westminster Funds® and Life Care Services LLC.  Built on 9.4 acres at the base of Cougar Mountain in Issaquah, WA, Timber Ridge offers residents an active, maintenance-free lifestyle in a spectacular setting.  Full build-out of Timber Ridge will be completed in two phases.  Phase I opened in February 2008, and consists of 184 total independent living units, under-building parking for residents and staff, a Clubhouse and a 36-bed Health Center.  Phase I is 98% occupied.  Based on the success of Phase I, the venture is marketing and constructing Phase II which will include a second eight-story building to consist of 145 additional independent living units and under-building parking.  Phase II also will feature an auditorium, a dining room expansion, and a wellness center with an indoor pool.

Timber RidgeProperty:  Life Plan Community

Size:  329 Independent Living Units on 9.4 Acres in Two Phases

Built:  Phase I – February, 2008

Start Date:  Pre-development Marketing begun Fall 2003

Ownership:  Westminster-LCS III LLC, owned in joint-venture with Life Care Services, 85% Westminster Funds V (80%) and VI (20%) and 15% LCS

Web:  TimberRidgeLCS.comTimber Ridge Logo

View a detailed map of this property (MapQuest).

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