IPA Brokers Sale of Seniors Housing Asset in Northern California
ORANGEVALE, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Almond Heights Senior Living, an assisted living and memory care facility in Orangevale. A family company sold the asset to an owner-operator for an undisclosed price.
Located approximately 17 miles northeast of Sacramento, the 117-unit property features 85 assisted living units and 32 memory care units.
Mark Myers and Joshua Jandris of IPA represented the seller and procured the buyer in the deal. Adam Christofferson of Marcus & Millichap’s broker of record in California.