Marcus & Millichap Arranges Sale of 108-Unit Community in Louisiana for $9.6M

by Jeff Shaw

LAKE CHARLES, La. — Marcus & Millichap (NYSE: MMI), a commercial real estate investment services firm, has arranged the sale of The Gardens and The Guardian, a 108-bed seniors housing community located in Lake Charles in southwestern Louisiana, for $9.6 million.

Rod Llanos, senior associate, and Doug O’Toole, vice president of investments, both of Marcus & Millichap’s Houston office, represented the seller and buyer, both limited liability companies. William Hoffpauir, broker, assisted in the closing.

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