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CALIFORNIA — JCH Senior Housing Investment Brokerage has arranged the sale of two assisted living communities in California.
The first community totals 49 beds in Riverside County. A local owner seeking to grow its portfolio paid $5 million for the property.
The second property was a 15-unit boutique community in Orange County. A local buyer interested in entering the seniors housing market paid $3.3 million for the asset.
Both sellers were family owner-operators looking to retire.
Jim Hazzard, and Cindy Hazzard handled the transaction process in both sales. The specific names and locations of the communities were not disclosed.