SAN FRANCISCO, CA — Chad Mundy and Nick Stahler of The Knapp-Stahler Group are pleased to announce the successful sale of a purpose-built memory care community located within the San Francisco MSA. The property sold for $313,235 per unit.
The community features more than 30 units and over 55 licensed beds and serves residents requiring specialized memory care services. Located within one of the Bay Area’s most affluent and supply-constrained submarkets, the community benefits from strong local demographics and proximity to major healthcare providers like Zuckerberg San Francisco General Hospital. The property had established in-place operations at the time of sale and offered future upside potential through operational enhancements and rate growth opportunities.
“This transaction generated multiple competitive offers, with buyers placing a premium on stabilized assets in highly affluent submarkets,” said Nick Stahler. “In today’s ever-evolving market, facilities with established operations in supply-constrained markets remain especially attractive as rates continue to grow, occupancy recovers and long-term demand increases.”
Chad Mundy added, ” This sale underscores the growing demand for specialized memory care communities in markets where demographics remain favorable and new development faces significant barriers. Investors continue to recognize the long-term value of well-located assets that provide essential care services while benefiting from limited competitive supply.”