Marcus & Millichap and Affordable Housing Advisors teamed up to facilitate the sale of an affordable seniors housing community in Campbell, California. After operating the community for over 30 years, the not-for-profit owner/operator chose to divest Corinthian House Apartments. Corinthian features 102 studio and one-bedroom units and contains 36 project-based Section-8 units. The buyer is a mission-driven affordable housing preservation developer.
Rob Reis of M&M and Andy Daitch of AHA handled the transaction, which closed at the agreed-upon price.
