Marcus & Millichap Closes Sale of Bay Area Assisted Living

Marcus & Millichap recently closed the sale of Mission Villas, a 34-unit assisted living property with more than 50 beds in Daly City. The property sold for $10.65 million, or $313,235 per unit. “Investor demand for well-located senior housing communities continues to strengthen as the sector benefits from favorable demographic trends and limited new development,” said Nick Stahler, managing director investments. “This transaction generated multiple... The post Marcus & Millichap Closes Sa