The Watermark at Pearl is a 13-story high-rise senior housing development in Portland, OR. With 243 units, the project features a full continuum of care within the same building including 140 independent living, 77 assisted living, and 26 memory care units.

Affinius Capital partnered with Alliance Residential, a long-term development partner which develops multifamily assets across diverse geographies, construction types, and price points.

Projects Highlights

The project is the first within Affinius Capital’s Three Premier senior housing development program to commence lease-up with Watermark as the operator. The portfolio includes nine projects across California, Oregon, and Washington, offering a mix of independent living, assisted living, and memory care units.

The project is located in the vibrant Pearl District in Portland, just minutes from high-quality medical centers and within walking distance of grocery stores and pharmacies.

Status

The Watermark at the Pearl delivered in 2023.

Location

1540 NW 13th Ave
Portland, OR 97209