HAINES CITY, FLA., October 25, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Hampton Court Assisted Living Facility, a 36,870-square foot seniors housing property located in Haines City, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,500,000.
Krone Weidler, an associate vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a limited liability company. The Chicago-based buyer, Aviv REIT, was the end buyer in a transaction that included other sellers and assets that had been represented by Ms. Krone Weidler.
“The momentum for seniors housing assets in Florida is very strong now,” notes Ms. Weidler. “Low interest rates and investor appetite for need-driven assets is at an all-time high.”
The Hampton Court Assisted Living Facility is located at 301 South Tenth Street in Haines City, Florida.
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.