Marcus & Millichap Closes NorCal Seniors Housing Sale

Marcus & Millichap closed the sale of Redwood Meadows, a 101-unit senior multifamily property located at 1475 Baechtel Rd. in Willits. The property sold for $10.8 million, or $106,931 per unit. “Senior housing communities with stable occupancy and long-term growth potential continue to attract investor interest across Northern California,” said Isaak Heitzeberg, managing director investments. “Redwood Meadows offered a combination of consistent cash flow, the potential to... The post Marc