M3 Equities Acquires Senior Housing In Fort Washington For $15.5M

Located at 1800 Palmer Road in Fort Washington, MD, this senior housing property was recently sold in a transaction. The property consists of 108 units and was sold for a price of $15,500,000, which equates to an average price per unit of $143,519. The sale was facilitated by the brokerage team of Eric Jentoft-Herr, Marty Zupancic, Nick Murray, Christian Barreiro, and Sean Brown from Marcus & Millichap. The buyer of the property was M3 Equities, while the seller was Martin Poretsky.

Summary of transaction details

• Property Type: Senior Housing
• Sale Price: $15,500,000
• Units: 108
• Price Per Unit: $143,519
• Buyer: M3 Equities
• Seller: Martin Poretsky
• Broker: Eric Jentoft-Herr, Marty Zupancic, Nick Murray, Christian Barreiro & Sean Brown - Marcus & Millichap
• Market: Fort Washington, MD

This transaction reflects the successful collaboration between M3 Equities as the buyer and Martin Poretsky as the seller. The brokerage team, consisting of Eric Jentoft-Herr, Marty Zupancic, Nick Murray, Christian Barreiro, and Sean Brown from Marcus & Millichap, played a crucial role in facilitating the sale. The senior housing property at 1800 Palmer Road in Fort Washington, MD, presented a valuable investment opportunity, and both the buyer and seller capitalized on it.