JCH Closes another Deal in just 90 Days!
JCH Senior Housing Investment Brokerage is pleased to announce the successful sale of a 35-unit Memory Care Facility in Orange County CA. The transaction was completed in ninety days!
Already the successful operator of a home health and hospice business, the buyer wanted to expand into the Assisted Living and Memory Care space. The team at JCH conducted a discreet hunt for the perfect facility matching their desired criteria. JCH reached out to the asset manager and after a brief negotiation an agreement was reached.
The facility was struck with COVID which resulted in a significant decrease in census. Due to government restrictions, it was difficult to replace them. Fortunately, the facility census is headed up at an acceptable pace.
Following COVID, lender restrictions have been strenuous, JCH remained active and engaged with the buyer and lender throughout the transaction, which closed at $4,700,000 at over $134,000 per unit.
By working closely with all parties involved JCH coordinated an efficient and smooth closing despite the challenges the pandemic presented. Jim Hazzard, and Cindy Hazzard handled the transaction process.
About JCH Consulting Group
JCH Consulting Group is a full-service real estate brokerage firm with the singular focus on the long-term care industry. JCH brokers the complete spectrum of Senior Care facilities, including Skilled Nursing, Assisted Living, Memory Care, CCRC and Independent Living, as well as Adult Residential Facilities, Hospice and Adult Day Care Facilities. For more information, contact Jim Hazzard 714-463-1677 Jim@theJCHgroup.com; or Cindy Hazzard 714-463-1672; Cindy@theJCHgroup.com.