News
Justin Knapp Recognized as the #1 Agent in the Marcus & Millichap Detroit Office
We'd like to congratulate Justin Knapp on being named the #1 agent in the Marcus & Millichap Detroit Office! His hard work, dedication, and expertise in the Seniors Housing sector continue to set the bar high. This well-deserved recognition is a testament to his...
CLOSED! 8 Property Missouri SNF Portfolio
Justin Knapp and Nick Stahler of the Knapp-Stahler Group with Marcus & Millichap are pleased to announce the successful sale of a portfolio previously owned by a large publicly-traded healthcare REIT. The portfolio includes eight dually-certified...
CLOSED: A 29-Property Seniors Housing Portfolio
Justin Knapp and Andrew Van Zee with the Knapp-Stahler Team of Marcus & Millichap are pleased to announce the sale of ABCM, a 29-property seniors housing portfolio in Iowa. The portfolio included a mix of 326 Assisted Living Facility (ALF) beds and 2,346 Skilled...
Is Senior Living on the Brink of its ‘Golden Age’?
HumanGood CEO John Cochrane envisions a "golden age" for senior living, driven by opportunities like increased demand and innovative care models. However, challenges remain, including rising operational costs, workforce shortages, and a need to reshape perceptions of...
2024 J.D. Power study finds family satisfaction with assisted living, memory care ‘up significantly’
The 2024 J.D. Power study reveals a significant rise in family satisfaction with assisted living, driven by improvements in care quality, communication, and staff engagement. This marks a positive shift in the senior living industry, emphasizing enhanced relationships...
CLOSED: Encore at Buckingham
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Encore at Buckingham, a 242-unit apartment property for seniors aged 55-plus in Richardson, Texas. Justin Knapp and Nick Stahler of IPA Seniors Housing partnered...
‘A Busy, Busy Year’: NHI and CareTrust Execs Share REIT Outlook on Nursing Home Investment and Operations
Real estate investment trusts (REITs) like NHI and CareTrust are optimistic about skilled nursing investments in 2024, focusing on stabilized facilities and relationship-driven strategies. Both emphasize long-term partnerships and creative approaches while navigating...
Closed: MorningStar at Arcadia, a 105+ Unit Senior Living Facility
RECENTLY CLOSED! Nick Stahler and Hap Knowles of Institutional Property Advisors, a Marcus & Millichap company, are pleased to announce the sale of MorningStar at Arcadia. Located in the Phoenix MSA and built in 2016, this facility comprises 108 units and 135 beds...
SPECIAL REPORT: Occupancy Reaches a Major Milestone, Buoyed By Higher Care Levels and Standout Regions
The sector recorded a 13th-straight quarter of net absorption to put the national occupancy figure ahead of the same point in 2019 as of June. Momentum nevertheless varies by care level and region. Segments with higher service offerings like memory care and assisted...
Interest Rate Cuts Amount to ‘Psychological Relief’ for Senior Living M&A
Check out this article by Senior Housing News about the recent interest rate cuts, which have fueled optimism for future M&A activity. Tangible benefits may take time, but this psychological boost can energize new growth opportunities.
Closed : 140+ bed Behavioral Health Community
JUST CLOSED! Nick Stahler and Henry "Hap" Knowles of the Knapp-Stahler Group of Marcus & Millichap recently closed a 140+ bed Behavioral Health Community in Tucson, Arizona for $17,200,000. Nick and Hap represented both the buyer and the seller in this...
SPECIAL REPORT: Fed Rate Hike Implications for CRE Investors
Fed Increasingly Aggressive in Effort to Curb Inflation; Rising Interest Rates Form Headwind for CRE Borrowers The Fed’s 75-basis-point hike in the federal funds rate underscores the central bank’s ardent goal to stabilize rapidly climbing prices, even at the risk of...