Real estate investment services firm Marcus & Millichap recently brokered a short-term lease with an option to purchase of a Ventura, Ca. continuing care retirement community. The CCRC is located on 12 acres of land and features 89 cottages and a seven story, 242-unit tower that offers both independent and licensed assisted living care. The […]
Marcus & Millichap
Real estate investment services firm Marcus & Millichap is currently brokering the sale of three not-for-profit nursing homes, all located in New York, for a total expected sale price of approximately $40 million. Horace Nye Nursing Home, located in Elizabethtown, N.Y., is a 100-bed facility that’s about 98% occupied and has an approximately 93% Medicaid […]
In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]
A new group of institutional grade independent living facilities in the Dallas and Fort Worth Texas markets are for sale according to Marcus & Millichap Real Estate Investment Services, who was chosen to sell the properties. The properties are being offered on an open-bid basis. “Now is an excellent time for seniors housing investors to […]
Multifamily properties as an investment class are continuing to enjoy their heyday, National Real Estate Investor reported this week. But will the sector end up becoming overbuilt? Citing Marcus & Millichap data, NREI notes the still-conservative nature of developers who delivered less than 40,000 new units to market in 2011 while estimates for 2012 are […]
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