Just Closed: Sherman & Roylance Facilitates Sale of Established Assisted Living & Memory Care Portfolio in Whittier, California

Sherman & Roylance is pleased to announce the successful sale of a well-established Assisted Living & Memory Care facility portfolio in Whittier, California. This transaction marks a significant milestone for both the long-standing family business and the well-regarded buyer expanding their portfolio.

A Legacy of Family Care

For over 25 years, this family business has been dedicated to providing exceptional care. Originally started by the parents and passed down to the children, the sellers have built a strong reputation in the community. As they planned their exit from the industry, their primary wish was to ensure that both residents and staff remained in place, continuing the legacy of compassionate care.

A New Chapter of Growth

The facility, consisting of three buildings with a total of 32 beds, was sold to an experienced local RCFE operator known for their exceptional reputation. The buyer, eager to expand their portfolio, brings a wealth of knowledge and a deep commitment to quality care.

Overcoming Challenges with Strategic Financing

With a purchase price of $4.4 million, the deal was made possible through a combination of investor capital and critical seller financing. This strategic financing was essential due to some deferred maintenance issues, allowing the young, ambitious operator to take over and turn the business around while adding 32 licensed beds to their portfolio.

Facilitated by Sherman & Roylance

Sherman & Roylance played a pivotal role in ensuring a seamless transition. Senior Housing Specialists Michael Belcher and Chris Minnery expertly handled the transaction, whose deep understanding of the senior housing market and commitment to client satisfaction were instrumental in bringing this deal to fruition.

About Sherman & Roylance

Sherman & Roylance is a leading real estate investment brokerage firm specializing in the senior housing and skilled nursing sectors. With extensive industry knowledge and a proven track record, they provide comprehensive advisory services for buyers and sellers of senior care facilities throughout California.