SANTA ROSA, CA– Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has arranged the sale of Oakmont Gardens (top left photo), a
163-unit independent living and assisted living community located in the
northern San Francisco Bay Area city of Santa Rosa. The terms of the sale were
not disclosed.
Rob Reis (lower right photo), a senior associate in Marcus
& Millichap’s National Seniors Housing Group (NSHG), represented the
seller, an international life insurance, pensions and asset management company.
Reis also provided representation to the buyer, Irvine, Calif.-based MBK Senior
Living.
“Oakmont
Gardens has a naturally beautiful setting and an auspicious location at the
entrance to Oakmont Village, a premier 55-plus development with 4,500 residents
in 3,000 homes,” says Reis.
“We reached out to a large pool of qualified investors for
Oakmont Gardens and received no fewer than seven offers. The competitive
bidding process we conducted produced a strong buyer backed by one the world’s
largest corporations,” adds Reis.
The
property is located at 301 White Oak Drive in Santa Rosa, 55 miles north of San
Francisco.
For a complete copy
of the company’s news release, please contact:
Contact:
Stacey Corso
Public Relations Manager
(925) 953-1716
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