Marcus & Millichap has closed the sale of a four-property seniors housing portfolio in Illinois. The total sales price for all four properties is more than $25 million, or $135,265 per unit.
Mark Myers, a senior vice president of investments in Marcus & Millichap’s Chicago O’Hare office, along with Alex Blagojevich, a vice president of investments in the firm’s Tampa office, and David Gaines, a vice president of investments in the Chicago downtown office of Marcus & Millichap, represented the seller, a private investor/owner.
The buyer is American Realty Capital and the operator for the buyer is Meridian Senior Living.
The properties are The Villas at Holly Brook in Effingham, Ill.; The Villas at Holly Brook in Herrin, Ill.; The Villas Holly Brook in Marshall, Ill.; and The Villas at Holly Brook in Shelbyville, Ill.
