A high-quality independent living community sold in northern Michigan, thanks to Justin Knapp and Jim Knapp of The Knapp-Stahler Group at Marcus & Millichap. Whispering Pines was purpose-built in Lake City with 48 units. It boasted strong in-place occupancy and faced little local competition. Across the 19 acres, there are also wooded walking trails, a large pond and a central clubhouse. The community offered an opportunity for a new owner to serve a broader population through the Michigan Choice Waiver program, which the undisclosed buyer will do.
Independent Living Buyer Plans to Utilize Michigan Choice Waiver Program
