This covers all seniors housing and care transactions handled by Marcus & Millichap.
The Knapp Group of Marcus & Millichap, led by Jim and Justin Knapp, closed two deals in succession, one in Maryland and one in Michigan. First, after yielding five offers that pushed the selling price $1.75 million over list, Messrs. Knapp sold a 145-bed skilled nursing facility in Burtonsville, Maryland, for around $17.25 million, or […]
Last month we wrote of the sale of a Chattanooga, Tennessee independent living community to a joint venture between Atlas Senior Living and Veritas Senior Living. Now, we can report that Richard Lynn of Marcus & Millichap represented both the buyer and the seller in the transaction, with an assist from Joseph McKibben, who was […]
We’ve been saying this since 2014, but it seems to be a good time to sell a seniors housing property. Prices are still near record highs in the assisted living market, at $221,250 per unit in 2017, according to the 23rd Edition of The Senior Care Acquisition Report. The M&A market, even during the normally […]
It looks like Ray Giannini (of Marcus & Millichap) isn’t taking a vacation this summer, as he just closed the sales of a skilled nursing facility in Minnesota and a senior living community in Iowa. The Caledonia, Minnesota facility has a long history serving the health care needs of the area. Originally opened in the […]
Hoping to build on a successful 2017 that saw more than $1.7 billion in loans closed, Berkadia strengthened both its mortgage banking and investment sales teams with two new hires. First, joining the mortgage banking group was Brittany Robinson. With a Bachelors of Business Administration from Miami University, Ms. Robinson comes from Welltower, where she […]
It wasn’t the most straightforward of transactions, but Jim Knapp of Marcus & Millichap successfully sold an assisted living/memory care community in southeast Michigan for $6.5 million, or about $162,500 per bed, with an approximate cap rate between 9% and 10%. Built in 1991 and 1996, the community was owned by a family trust until […]
A local assisted living ownership group in southeastern Wisconsin is looking to expand in a big way with its acquisition of a senior living community in the town of Mukwonago (Milwaukee MSA). To this point, the group had owned just eight eight-bed assisted living communities in the area. But, in one transaction, they have now […]
A senior care campus in Milwaukee, Wisconsin, that has seen a number of transformations over the years, will soon see another, having recently traded hands with the help of Ray Giannini of Marcus & Millichap. Originally built in 1970 with 112 skilled nursing beds by a local family, the facility underwent a couple of expansions […]
We don’t see much Montana M&A, but Tony Cassie of Marcus & Millichap closed two skilled nursing transactions in Big Sky Country, plus one in Washington State. Both Montana facilities are located in Billings. The 161-bed facility was built in the 1960s, while the 150-bed facility was built in stages in 1964 and 1974. A […]
A 60-unit assisted living community traded in Pensacola, Florida, with Marcus & Millichap involved on both sides of the transaction. Brooks Mindord (out of the Miami office) and Rob Reis (based in San Francisco) represented the limited liability company seller, while Rod Llanos (in the Houston office) secured and represented the buyer, a private investment […]