Cadre’s Kushner ties run deep. The company was co-founded by Jared Kushner, his brother Josh Kushner and Williams.

King County had been considering buying the Econo Lodge for some time, potentially as a location for isolating people with hepatitis A, measles and tuberculosis.

The 2020 NIC Spring Conference concluded with discussions on how macroeconomic factors, monetary policy, capital market conditions and demographic trends are affecting the seniors housing sector.

The sale implied a valuation for the Wing of about $165 million, a significant discount to its earlier value, according to some of the people familiar with the deal.

Some conversations revolved around how healthcare is becoming a bigger demand at seniors housing properties.