Occupancy and expense pressures related to Covid-19 will continue to adversely affect senior housing investment in the coming year, and are even tempering refinancing opportunities. And the pandemic will force more smaller owners and operators to exit the sector, frustrated by the operational intensiveness of the product type, compressed net operating income (NOI) and tighter […]
Marcus & Millichap Inc.
MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]
Marcus & Millichap Appoints New CEO National brokerage firm Marcus & Millichap, Inc.’s board of directors promoted Hessam Nadji, its current senior executive vice president, to the role of CEO. The appointment comes after it was announced that current CEO John Kerin will retire March 31. Nadji joined Marcus & Millichap in 1996, most recently […]
Real estate services firm Marcus & Millichap, Inc. (NYSE: MMI) announced last week its initial public offering, but kept details regarding the company’s senior housing business segment on the hush. The national real estate investment services firm announced Thursday its IPO of 6,000,000 shares of its common stock at a price to the public of […]
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