July 18, 2022
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North Hollywood property sells for $4.45 million
Rick Raymundo of Marcus & Millichap recently sold 6050 Whitsett Avenue, a 16-unit multifamily property in North Hollywood, Calif. After generating multiple offers, the listing closed escrow at $4.45 million, equating to a 3.50% CAP Rate and a 15.00 GRM based on in-place income. Raymundo, who represented both the seller, a private family trust, and the More
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Lenders are coming back to senior housing
Capital providers are trickling back into the senior housing space. There are still some headwinds lingering from COVID-19, but the industry is strong and as rates stabilize, fundamentals will continue to recover. Occupancy is expected to improve from COVID lows and the labor market should open up, meaning staffing will be less of a challenge More
