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BROCKPORT and QUEENSBURY, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in institutional and major private real estate investors, has arranged the $48 million sale of two memory care and assisted living communities in New York State.
Brookdale Senior Living purchased Emeritus at Landing of Brockport in Brockport, near Rochester, and Emeritus at Landing of Queensbury in Queensbury, near Albany. The two communities total 183 units combined.
Mark Myers, Joshua Jandris and Charles Hilding of IPA represented the seller, a private family office from the Rochester area.