Echelon Communities has scooped up Redwood Meadows, a 101-unit senior apartment complex at 1475 Baechtel Road in Willits, paying $10.8 million for the garden-style community. The property spans roughly 7.18 acres and comes with initial city approval to add up to 15 more units, giving the new owner room to grow without hunting for more land. The complex changed hands from TCC Properties in a sale arranged by Marcus & Millichap's Sacramento office.
As reported by Connect CRE, the deal pencils out to about $106,931 per unit. Isaak Heitzeberg and Andres Guerra of Marcus & Millichap represented the transaction and lined up the buyer. “Senior housing communities with stable occupancy and long-term growth potential continue to attract investor interest across Northern California,” Heitzeberg told Connect CRE, pointing to steady cash flow and the site’s expansion potential as the main lures.
Property details and expansion potential
Marketing materials and commercial listings show Redwood Meadows was built in 1989 and is laid out mostly as one- and two-bedroom apartments in single-story cottages and garden units. The Marcus & Millichap marketing package hosted on Crexi lists the parcel at about 7.18 acres and highlights an assumable loan along with the city’s initial approval to add up to 15 units. The owner’s site at TCC Properties notes the complex’s proximity to the William Harrah Senior Center, a convenient amenity for residents who rely on local services and community programming.
Why buyers are still chasing senior housing
Consultants and brokers say age-restricted and senior housing have held up relatively well compared with many other commercial real estate sectors, helped along by demographic momentum and lower resident turnover. A recent analysis from consultancy RCLCO described seniors housing as largely stable or recovering in 2026, a backdrop that helps explain why investors keep circling modest, service-light properties in markets outside the big metros.
What’s next for Willits
With the sale wrapped, Echelon Communities steps into a well-occupied property that comes with a bite-sized development opportunity. Those extra 15 units, if ultimately built, could add much-needed housing for local seniors without a massive new footprint. For residents, the deal likely means continuity rather than rapid-fire ownership changes. For investors, it underscores the ongoing appetite for smaller, cash-flowing assets that can be nudged up in value through relatively modest building and operational tweaks.
