Nick Stahler and Justin Knapp of Marcus & Millichap’s Knapp-Stahler Group recently closed the sale of a 57-unit assisted living/memory care community in rural Northern California. The community struggled through the pandemic, like many other senior care businesses, but it also found itself in a declining demographic market before the pandemic.
Owned by a public REIT, the community was leased by a regional operator from its inception. A seasoned regional owner/operator bought it and has plans to complete significant capital upgrades and expand the property with affordable housing units.
