Who Owns each Assisted Living community in King County?

We pulled Washington Secretary of State filings for 70 King County senior housing facilities to answer a question most families never ask: who actually owns this place?¹

The answer may not be what you'd expect.

Entity types

Every licensed facility is operated by a legal entity registered with the state. Here's how they break down:

Entity Type	Count	Avg Years in Business
WA LLC	37	9.7
Foreign LLC (registered out-of-state)	19	6.6
WA Nonprofit	8	46.8
Foreign LP / Foreign Corporation	4	4.0
WA Profit Corporation	2	26.0

Two things stand out initially. First, nonprofits have been around dramatically longer than any other entity type -- 46.8 years on average. Fred Lind Manor's nonprofit was incorporated in 1945. Crista Ministries dates to 1948. These are organizations that have been running senior housing for decades.

Second, foreign LLCs (entities incorporated outside Washington) average 6.6 years -- the youngest category after foreign LPs and corporations. Several were formed within the last two years.

Where the owners are

Of the 70 entities we traced, 46 are headquartered in Washington. The other 24 are spread across the country:

State	Entities
Washington	46
Ohio	7
California	4
New Jersey	2
Florida	2
Massachusetts	2
South Dakota	2
Tennessee	2
Texas, Arizona, Kentucky	1 each

Ohio's 7 entities all trace back to the same address in Toledo -- Welltower Inc., a publicly traded healthcare REIT. That's a single corporate owner showing up as multiple legal entities, each tied to different facility properties. This kind of structure is common in institutional real estate: one parent company, multiple special-purpose entities.

Old guard vs. new money

The age spread is significant:

Longest-operating entities:

Entity	Type	Incorporated
Fred Lind Manor	WA Nonprofit	1945
Crista Ministries	WA Nonprofit	1948
Bayview Manor Homes	WA Nonprofit	1958
Horizon House	WA Nonprofit	1960
Kin On Health Care Center	WA Nonprofit	1993

Newest entities:

Entity	Type	Incorporated
Bellettini Propco LLC	Foreign LLC	Nov 2025
VGFW Propco LLC	WA LLC	Jun 2025
Parkside Propco LLC	WA LLC	May 2025
FC Kent Senior Living LLC	Foreign LLC	Apr 2025
Queen Anne ALC LLC	WA LLC	Jan 2025

Every entity in the longest-operating list is a Washington nonprofit. Every entity in the newest list is an LLC -- and three of the five have "Propco" in the name, which is real estate shorthand for "property company." These are ownership vehicles created specifically to hold the real estate asset.

This doesn't automatically mean the care is worse. But it tells you something about the incentive structure. A nonprofit that's been running a facility for 80 years has a different relationship with its residents than a REIT or a property holding company formed 6 months ago.

Stability tiers

We categorize entities into four stability tiers based on how long they've been in business:

Tier	Years	Entities
Established	7+	40
Growing	3-7	17
Establishing	1-3	10
New	< 1	3

57% of entities with filings fall into the "Established" tier. But 13 entities -- nearly 1 in 5 -- have been in business for less than 3 years. Three were formed within the past year.

Why this matters

Ownership stability and locality are two of the six categories in our composite facility score. A facility owned by a local nonprofit incorporated in 1948 scores differently than one owned by a foreign LLC formed last year -- because the data suggests these are meaningfully different situations.

In the previous posts, we scored inspection reports and aggregated reviews. Ownership is the third lens. In the final post of this series, we'll show how all of these inputs combine into a single comparable score.