IPA Brokers Sale of 81-Unit Assisted Living Community Near Boston

FRANKLIN, Mass. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Estate at Franklin, an 81-unit assisted living and memory care facility located in the Boston suburb of Franklin. The price was not disclosed.

Mark Myers, Joshua Jandris and Matthew Andriano represented the seller, a family-owned real estate development company, and procured the buyer, a privately held real estate investment and property management firm.

Built in 2014, The Estate at Franklin is located approximately seven miles from the 141-bed Landmark Medical Center.

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