IPA Arranges Sale of Community in Iowa for $1.3M

by Jeff Shaw

ANAMOSA, Iowa — Institutional Property Advisors, a brokerage arm of Marcus & Millichap, has arranged the sale of Silvercrest of Anamosa, a 45-unit assisted living and memory care community, for $1.3 million.

Silvercrest of Anamosa is a 30,163-square-foot facility built in 2000 in Anamosa, just northeast of Cedar Rapids.

The community was an outlier in the portfolio of the seller, a regional owner/operator. The buyer was a Chicago-based national owner/operator.

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