Sherman & Roylance Announces Successful Sale of Residential Care Facilities in Irvine, California

Sherman & Roylance is pleased to announce the successful sale of two separate, six-bed Residential Care Facility for the Elderly (RCFE) businesses in Irvine, California. This transaction marks a strategic move for both the seller, seeking portfolio consolidation, and the buyer, a seasoned operator expanding their footprint in the sought-after Irvine market.

The facilities, each offering six licensed RCFE beds, presented an attractive opportunity for a buyer looking to enter or expand their presence in the Irvine market. Both businesses operated within leased locations, requiring meticulous negotiation of new leases for the acquiring operator.

The seller, motivated by portfolio consolidation, chose Sherman & Roylance to ensure a smooth and efficient transaction process. Recognizing the specific requirements of selling business-only assets, lead agents Chris Minnery and Michael Belcher of Sherman & Roylance expertly navigated the sale while securing new leases for the buyer, eliminating potential disruptions and ensuring a seamless transition.

"We are delighted to have connected these two parties for a mutually beneficial outcome," stated Michael Belcher, Senior Housing Specialist at Sherman & Roylance. "The seller achieved their consolidation goals, while the buyer gained a foothold in a desirable market. Our ability to secure new leases underscores our commitment to providing comprehensive solutions for our clients."

Considering your property's exit strategy in 2024? Sherman & Roylance offers complimentary business valuations to owners of senior living communities interested in exploring their options.