ALLEN, Texas — Marcus & Millichap (NYSE: MMI) has arranged the sale of Texas Star Assisted Living, an 87-unit assisted living and memory care community in Allen, just north of Dallas.
The community opened in March 2016 and features 65 assisted living units and 22 memory care units. The sale price was not disclosed.
Doug O’Toole of MMI represented the buyer, a national owner-operator, in the transaction. Nathan Tune of Verus Advisors - Coldwell Banker Commercial represented the seller, a local owner and developer in the Texas marketplace.