JLL Capital Markets completed the sale of WelbeHealth Fresno Center, an 18,869-square-foot, Class-A PACE medical facility in Fresno, California. The seller was Turner Impact Capital’s Turner Healthcare Facilities Fund, a growing social impact investment fund, which was represented by JLL in the deal. JLL also procured the buyer, Corum Asset Management, a French investment firm that manages over $9 billion in real estate and alternative investments. This was the first transaction between JLL and Corum.
WelbeHealth – Fresno Center was originally built in 1975 and renovated in 2020. The fully leased facility is part of the PACE (Program of All-Inclusive Care for the Elderly) healthcare program, providing comprehensive medical and social services to elderly individuals who are eligible for nursing home-level care but wish to continue living in their own homes. Services include medical care, coordination, prescriptions, in-home care, dental, vision, hearing, transportation, physical and occupational therapy as well as social activities and meals.
The deal is one of two U.S. healthcare assets secured by Corum in the second quarter this year, which continues to grow its U.S.-dedicated investment fund since launching in November 2024. The fund targets high yielding core investments across all commercial real estate sectors and now manages $50 million across three deals in the U.S. Matt Dicesare of the JLL Medical Properties Group represented the seller in partnership with Jeff Cicurel of JLL’s Corporate Finance and Net Lease team.
