SOUTHEAST MICHIGAN — The Knapp‑Stahler Group at Marcus & Millichap is pleased to announce the successful sale of a two‑property seniors housing portfolio totaling 80 private assisted living and memory care units in rural southeast Michigan.
The portfolio consists of two purpose-built communities located approximately 15 miles apart, together spanning more than 15 developed acres. The larger campus features multiple buildings totaling over 36,000 square feet and offering a mix of assisted living and predominantly memory care suites. The second property includes 20 private units across a single-story building set on more than five acres in a quiet rural setting. Both communities benefit from resident‑focused amenities and sizable adjacent acreage that presents meaningful long‑term expansion potential.
The Knapp‑Stahler Group sourced a buyer with the operational expertise and capital resources to stabilize performance, implement targeted management improvements, and reposition the assets for recovery. With current rates priced below local competitors, the portfolio offers significant upside through rate optimization and enhanced operating efficiencies.
This closing underscores sustained investor interest in value‑add seniors housing opportunities and highlights the importance of strategic execution, operational expertise, and creative problem‑solving in today’s evolving healthcare real estate environment.