JCH Senior Housing Investment Brokerage brokered the sale of a Southern California senior housing community for $95.5 million — the firm’s largest single-asset transaction of 2019.
The Orange County, CA, community has 214 units split between memory care, assisted living and independent units.
The seller was a national owner/operator “looking to execute on the current capitalization rate environment,” JCH said in a press release. The property drew several competitive bids in less than 30 days and ultimately went to a national private equity firm based in Chicago.
JCH said the seller’s willingness to retain operations, high barriers to entry, a 94% occupancy rate and a 53% operating margin enhanced desirability and the buyer’s willingness to pay a record-setting price.