In a delicate transaction, JCH Senior Housing Investment Brokerage facilitated the transfer of ownership of a seniors housing community from a local owner/operator to a regional seniors housing group. Tragically, during this transaction process, the licensee passed away. The team worked to quickly secure the issuance of a provisional license, with the aim of attracting an operator to carry on the licensee’s legacy.
The community comprises 25 assisted living units on the central coast of California. The buyer identified a greater demand for a healthcare alternate-use property within the local community, which prompted the seller to relocate residents to other seniors housing properties. This enabled the community to be delivered to the new owner as vacant. Cindy Hazzard and Jennifer Contreras of JCH handled the transaction.
