The sale of a 114 unit independent living community in southeast Michigan was facilitated by The Knapp Group Senior Housing Advisors of Marcus & Millichap. The 130,000+ sq. ft. facility was constructed in 2000, 2004 and boasts private patios and entryways for each resident. But most importantly, they had occupancy over 95% and strong historic earnings. The community was purchased by a local buyer for $8,400,000 and a cap rate of 6.8%. Jim Knapp and Justin Knapp were the lead advisors who worked closely with Marcus & Millichap apartment group.