New life for Pasadena ALFs

Shep Roylance of The JCH Group recently facilitated the bankruptcy sale of three assisted living communities in Pasadena, California. The portfolio featured a 70-unit/136-bed community built in 1951, a 20-unit/40-bed property built in 1940 and a 30-unit/60-bed community built in 1956. They are as old as the Baby Boomers. Occupancy ranged from 85% to 92% […]

Finish with a bang

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 […]

Selling in Sylmar

Shep Roylance, of The JCH Group, closed the sale of a 175-bed skilled nursing facility in Sylmar, California, on behalf of the seller, LifeHOUSE Healthcare Services, which was looking to exit Los Angeles County and focus their efforts in other areas of the state. The facility is running well, with a 97% occupancy, 18.6% operating […]