Marcus & Millichap Sells 58-Bed Seniors Housing Facility
HOBART, Okla., May 21, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 58-bed seniors housing property located in Kiowa County, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office. The asset had a list price of $1,200,000.
Rod Llanos, a Senior Associate in Marcus & Millichap’s Houston office
and Doug O'Toole, a Vice President of Investments in Marcus & Millichap’s The Woodlands office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a limited liability company, was also secured and represented by Llanos and O’Toole. Tom Mann, Broker, assisted in closing this transaction.
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About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com
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