SNF sold to Reliant Management Group
JCH Senior Housing Group announced that Riverside Healthcare Center was sold to Reliant Management Group in a lease with the option to purchase once the facility graduates off the special facility focus list. Reliant's option price is $12.5 million. The deal closed on Feb. 1 with a lease-purchase agreement.
The skilled nursing facility, with 188 beds, is one of nine SNF communities in California previously operated by Lifehouse Healthcare Services. It has been on the SFF list for 43 months. Riverside sits on four acres and was first contacted in 1969.
Lifehouse has been diversifying its portfolio with JCH, the firm said. Shep Roylance of JCH represented both Lifehouse and Reliant Management during this transaction.