IPA Facilitates Sale of Crabtree Valley Rehab Facility in Northwest Raleigh, NC

Mark Myers

RALEIGH, NC – Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, is pleased to announce the sale of a 134-bed skilled nursing facility, Crabtree Valley Rehab, located at 3830 Blue Ridge Road in the northwest portion of Raleigh.

            IPA executive director Mark Myers, IPA senior director Joshua Jandris and IPA associate director Charles Hilding, all of the firm’s Chicago O’Hare office, advised the seller. Mike Pardoll, senior vice president investments and senior director of the national senior housing group, of the firm’s Charlotte office procured the buyer. 

“The facility is operating extremely well and experiencing strong cash flow,” says Myers. “It is conveniently located within 5 miles of two hospitals.”

            The facility was built in two phases, with the 100 and 200 halls built in 1987 and the 300 and 400 halls built in 1993. There are six private rooms and 64 semi-private rooms for a total of 70 patient rooms.

 For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716