MARCUS & MILLICHAP ARRANGES SALE OF NURSING HOME PORTFOLIO IN BANKRUPTCY

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ALBANY, N.Y.- The Marcus & Millichap National Senior Housing Group has successfully completed the sale of the Highgate LTC Portfolio, a portfolio of skilled nursing facilities with approximately 500 beds located in Central New York State. Highgate LTC consists of four facilities: Northwoods at Cortland, located in Cortland; Northwoods at Hilltop, located in Niskayuna; Northwoods at Rosewood Gardens, located in East Greenbush; and Northwoods at Troy, located in Troy. The aggregate purchase price was $22.7 million, and the buyer was Long Island-based Oasis Health Care.

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