by Justin Knapp | Apr 2, 2020 | Articles, News
By Andy VanZee and The Knapp Group Team As of the writing of this newsletter, we have received numerous reports from senior housing operators that, despite Covid-19 related lockdowns, occupancy has predominately remained steady over the past 30 days. Here at the...
by Justin Knapp | Mar 25, 2020 | Articles, News
Just over two weeks ago, we were writing an article about our company’s experience at the Spring NIC Conference and our outlook for the upcoming year. All indications for 2020 looked strong; our 1st quarter BOV numbers were high, investors were excited to do...
by Justin Knapp | Feb 18, 2020 | Closings
This beautiful personal care community is located in a sought after market in the Pittsburgh area. The past owner was ready to exit the seniors housing industry and engaged the Knapp Group of Marcus & Millichap to broker the transaction. The community had...
by Justin Knapp | Jan 29, 2020 | Articles, News
Research Brief: EmploymentJanuary 2020Marcus & Millichap’s newest Research Brief includes:- More people emerging from the sidelines to join historically strong job market. – Historically tight underemployment fueling housing demand.- Low inflation...
by Justin Knapp | Jan 14, 2020 | News
by Jim Knapp Knapp Group Founder/CEO 2019 was a banner year for real estate investors, including investors in the senior housing market. With the unprecedented market fundamentals still at work, investors are just as optimistic about 2020 and remain active in...
by Justin Knapp | Jan 10, 2020 | Closings
This 42- unit assisted living facility is located in rural southwest Kentucky. The beautiful 42,000 sq. ft. property was built in 2014 and was family owned and operated. The owners were ready to exit the industry, and engaged the Knapp Group team of Marcus &...
by Justin Knapp | Jan 10, 2020 | Closings
Marcus & Millichap’s Knapp Group successfully brokered the sale of a 96 unit/139 bed skilled nursing facility in Grand Rapids, MI. The 67,000+ sq. ft. building was constructed in 1972/1974 on over 10 acres. When the non-profit owners decided to...
by Justin Knapp | Sep 27, 2019 | News
Aging Population Paints a Promising Outlook: Elevated Yields and Strong Demand Draw Investors Demand side pressures are building in the seniors housing market as approximately 73 million baby boomers move further into retirement. The favorable yield profile and...
by Justin Knapp | Aug 30, 2019 | Closings
Marcus & Millichap’s Knapp Group successfully brokered the sale of two seniors housing properties in Irwin, Pennsylvania. The communities were comprised of 95 AL/IL units that were built in 1999 and 1959 with an extensive renovation in 2009. The seller was a...
by Justin Knapp | Apr 4, 2019 | Closings
Knapp Group Seniors Housing Advisors of Marcus & Millichap successfully facilitated the sale of a 50 unit assisted living community in southeast MI, exactly 11 years after helping the seller initially acquire it. The 44,000+ sq ft facility was constructed in...
