News
PC Home near Pittsburgh
The Knapp Group of Marcus & Millichap successfully brokered the sale of a 58-unit Personal Care Home community in Southwest PA. The 34,779 sq. ft. campus, built in 1965 and renovated in 1997, is located in a favorable suburb only 15 minutes from downtown...
Skilled Nursing Report: Second Half 2018
Healthcare Policies, Focus of Patient Care Challenge Operators Operators leverage healthcare policy changes to drive profitability. Nursing care communities, also known as skilled nursing properties or facilities, account for the largest share of the seniors housing...
Turnaround Opportunity in Metro Detroit
Knapp Group Seniors Housing Advisors of Marcus & Millichap successfully brokered the sale of an 88 bed skilled nursing facility in Metro Detroit. The 60,000+ sq. ft. building was constructed in 1998 and located on 4.5 acres. The community originally had a...
Second Chances in the Cherry Capital
Knapp Group Seniors Housing Advisors of Marcus & Millichap successfully brokered the sale of a 56 unit AL/ IL community in Traverse City, MI. Sitting on 8 beautiful acres, the 42,000+ sf facility was constructed in 1989, with additions completed in 1997 and...
Potential Abounds in MD
Knapp Group Seniors Housing Advisors of Marcus & Millichap successfully orchestrated the sale of a 145 bed skilled nursing facility in Burtonsville, MD. The 62,500 sq foot facility was constructed in 1997 and is located on over 13 beautiful acres. ...
Inflated Business Valuation: Commercial Real Estate’s Biggest Con
Don't be fooled by an inflated business valuation One of the quickest ways for a real estate agent to impress a prospective client is to propose a higher than expected selling value for their property. Although many times the inflated value can be justified, too...
2 for 1 Sale
Knapp Group Seniors Housing Advisors of Marcus & Millichap facilitated the sale and new business partnership between National Health Investors (NHI) and Comfort Care Senior Living, a local owner/operator from central MI. The $17.1 transaction began with the...
July 2018 Knapp Group Newsbrief
View this month's complete Knapp Group Newsbrief here
Seniors Housing Research- First Half 2018
Changing Outlook on Homeownership Strengthens Demand for Seniors Housing; Crossover Capital Increases Pool of Buyers Seniors housing demand invigorates as homeownership becomes less advantageous under the new tax code. Changes to the tax law beginning in 2018 could...
Boulevard Temple
Sold! This beautiful and historic healthcare facility was constructed as a church in 1926 and later converted to a seniors housing community featuring 124 skilled nursing beds and an attached assisted living/independent living tower. ...
Presbyterian Villages MI
This sale marked the successful exit of Presbyterian Villages of Michigan from the skilled nursing and assisted living component of their flagship 33 acre Continuum of Care Retirement Community (CCRC) campus. The sensitive nature of this unprecedented sale for PVM...
Seniors Housing Research- Second Half 2017
Aging Population Driving Seniors Housing Market Growth; Healthcare Reform Uncertainty Has Investors Reviewing Portfolios Demographic factors, economic growth curb concerns of overbuilding in select markets. The aging population remains a main driver in seniors housing...