Shep Roylance of The JCH Group is sprinting to the finish line in 2015, announcing four closings with a fifth on its way. First, earlier this month, Mr. Roylance closed the sale of a 175-bed skilled nursing facility in Sylmar, California for $14.4 million, or $82,300 per bed, with a 12.9% cap rate. The property was originally bought by the seller, LifeHOUSE Healthcare Services, when it had 141 beds in 2007 for $9.3 million, or $66,000 per bed. The current buyer, Independence Healthcare Management, also purchased an additional three acres planned for future assisted living and memory care development. Next up, Mr. Roylance arranged a sale/leaseback of a 59-bed SNF in Fresno, California for $3.3 million, or $56,500 per bed, with a 14.4% cap rate. The Los Angeles-based owner/operator buyer plans to spend up to $500,000 on renovations and to convert a wing to sub-acute care in the hopes of attracting more Medicare patients (with just a 5% quality mix currently). In the transaction, the seller was able to retain the operations while paying off some of their debt. Heading up the coast, Radiant Senior Living acquired a 44-unit memory care community in Woodburn, Oregon for $6 million, or $136,400 per unit. Originally built in 1987, the community underwent a substantial rehabilitation in 2013. And finally, Mr. Roylance represented the landlord and Madison Partners in their leasehold acquisition of a 94-bed SNF in Dinuba, California. The transaction was structured as a 20-year triple-net lease with two five-year extensions. Key money is to be paid in a combination of cash and the assumption of the facility’s QA Fee liability. The landlord is also currently in the process of obtaining a HUD loan on the property. And Mr. Roylance will close on a fifth transaction before the end of the year. Enjoy that Christmas ham Shep!