seniors housing V Michigan

IPA sells 1,456-bed nursing portfolio partly based in Michigan

  

Institutional Property Advisors, a division of Marcus & Millichap, recently sold the operating entities controlling the McGuire portfolio, a nursing home portfolio of six nursing home operations in New York and Michigan. There are a total of 1,456 licensed beds in the portfolio.

Institutional Property Advisors, a division of Marcus & Millichap, recently sold the operating entities controlling the McGuire portfolio, a nursing home portfolio of six nursing home operations in New York and Michigan. There are a total of 1,456 licensed beds in the portfolio.

The portfolio produces about $150 million in annual revenue.

Mark Myers, Joshua Jandris and Charles Hilding of IPA represented the seller, a private family company. The three also found the buyer, a long-term care start-up wanting to grow its operating platform.