JCH Senior Housing Investment Brokerage is pleased to announce the successful sale of a senior housing community in Southern California for $95,500,000 − the largest single asset transaction of 2019. The Orange County, CA asset, totaling 214 units, consists of Independent Living, Assisted Living and Memory Care units.
The JCH team spearheaded a confidential marketing process on behalf of the owner, a national owner/operator looking to execute on the current capitalization rate environment. JCH received several competitive bids in less than thirty days. Ultimately the successful buyer was a national private equity firm very active in the seniors’ space from Chicago, IL.
The seller’s willingness to retain operations, high barriers to entry, 94% occupancy and a 53% operating margin greatly enhanced this community’s desirability and the buyer’s willingness to pay a record-setting single asset price. The JCH team was very instrumental in creating this demand, working through extremely complex transaction hurdles to bring this sale to completion. Nick Stahler, Mike Mooney and Jim Hazzard were lead advisors in the transaction.