Tuesday, September 25, 2012

MBK Senior Living Acquires North Bay Seniors Housing Community in Santa Rosa, CA




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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