JCH Senior Housing Investment Brokerage negotiated a couple of leases for senior care properties in California. First was a new lease for an assisted living community in Alhambra, California. The community, previously operated by a national operator, will now be under the management of a reputable regional operator. There were a myriad of licensing challenges, but JCH identified a resourceful, incoming operator with strong relationships with local licensing agencies which helped facilitate the process. That new regional operator specializes in programs that provide access to care for low-income residents and wellness programs.
Next, JCH negotiated a new lease for a skilled nursing facility in Bakersfield. Previously occupied by a regional operator that decided to sell its leasehold position and become a landlord, the 100-year old facility was taken over by a growing local operator. JCH’s Cindy Hazzard and Jennifer Contreras were the lead agents on both transactions.
