IPA Completes Sale of New Hampshire Seniors Care Facility; Rebranded American House
January 08, 2019
American House, Keene NH
KEENE, N.H– Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the exclusive sales assignment of Bentley Commons at Keene, a 109-unit, 144-bed independent living and assisted living facility. The property has been renamed American House Keene.
“With occupancy near 100 percent, competitive rents and a 30-plus percent operating margin make the facility a strong performer,” said Mark Myers, IPA executive managing director.
“We were able to find an inconspicuous Midwestern buyer for this New England market that was looking to establish a region with Bentley Commons,” added Joshua Jandris, IPA senior managing director.
Jandris, Myers and Michael Cimino, Marcus & Millichap senior associate, represented the seller, a New England partnership and procured the buyer, a Michigan based owner and operator of Seniors Housing and Multi-family. Jennifer Athas is Marcus & Millichap’s broker of record in New Hampshire.
Opened in 2008, a portion of Bentley Commons is a renovated mill building and the rest is new construction. The facility has 42 independent living and 67 assisted living units.
Michael Cimino
Joshua Jandris
Mark Meyers
Jennifer Athas
-
160 Seabury Street, Fall River MA
April 19, 2024
Full Story
Real Briefs
Hajjar Secures $10.6M from Rockland Trust to Convert Former Fall Church into 46-MR Units
April 19, 2024
Fall River — Hajjar Management secured $10.6 million in financing from Rockland Trust for the redevelopment of the 151-year-old
-
820-828 Blue Hill Ave, Dorchester MA
April 08, 2024
Full Story
Real Briefs
M&M’s Griffith/Pepdjonovic Sell 20-Unit Dorchester Multifamily for $5.296 Million
April 08, 2024
Boston – Evan Griffith and Tony Pepdjonovic of Marcus & Millichap’s Griffith Pepdjonovic Group completed the sale of a 20-unit m
-
364 Littleton Street, Westford MA
April 05, 2024
Full Story
Real Briefs
Parent Company of 110 Grill Sells 28,500 SF Industrial Flex in Westford
April 05, 2024
Westford — ABG Commercial Realty facilitated the successful sale of 364 Littleton Rd, Westford, MA for $5.1 million. ABG's Berna
-
355 Littleton Road, Westford MA
April 02, 2024
Full Story
Real Briefs
ABG Inks Design/Build Firm to 3,000 SF Westford Retail Lease
April 02, 2024
Westford — Bernard Gibbons, Senior Vice President of ABG Commercial Realty, successfully facilitated a 3,000-square-foot retail
-
179 Lincoln Street, Boston MA
March 25, 2024
Full Story
Real Briefs
Greaney/Synergy Continue Buying Boston With Historic Beaux-Arts, Class-A 179 Lincoln
March 25, 2024
Boston — Fresh off tying up two Downtown class-A office buildings at 410 Atlantic Ave and 101 Arch Street (first reported on The