California Alzheimer’s Property Sells for $6.2 Million

JCH Consulting Group, a senior housing and care facility brokerage firm, announced the sale of Elim Alzheimer’s and Rehab for $6.2 million to an undisclosed investment group.

Located in Fresno, Calif., 99-bed facility was part of Elmcare, which JCH represented.

Country Villa, will operate the facility and will rename it North Point Villa. It’s the third facility operated by Country Villa in central California.

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Shepard W. Roylance brokered the deal and said the sale leaves only one 44 bed stand alone Alzheimer’s facility remaining in the Elimcare, Inc. portfolio.

At the time of the sale, which took place on Dec. 7, occupancy was at 100%.

Written by John Yedinak

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