Brooks Minford, Rob Reis and Douglas Danny (with an assist from Eddie Greenhalgh) of Marcus & Millichap recently represented the owner of a 132-unit senior living community in its sale to a Jacksonville, Florida-based buyer. Located on 27 acres in Mobile, Alabama, complete with walking trails, this community was built in 1998 with 84 independent living units (including 22 single-family homes), 32 assisted living units and 16 memory care units. The community sold for $9.65 million, or $73,106 per unit/bed, which is low for seniors housing. For more information, check out the January issue of The SeniorCare Investor.
Mobile Works
