JLL Capital Markets has successfully completed the sale of the WelbeHealth Fresno Center, an 18,869-square-foot, Class A PACE medical facility located in Fresno, California. Senior Directors Matt Dicesare and Jeff Cicurel represented the seller, Turner Impact Capital’s Turner Healthcare Facilities Fund, and secured the buyer, Corum Asset Management. This transaction marks the first deal between JLL and Corum in the United States.
Originally constructed in 1975 and extensively renovated in 2020, the WelbeHealth Fresno Center is fully leased and operates under the Program of All-Inclusive Care for the Elderly (PACE). The facility is designed to deliver a comprehensive range of medical and social services to elderly individuals who are eligible for nursing home-level care but prefer to remain in their own homes.
“The WelbeHealth deal is one of two U.S. healthcare assets secured by Corum in the second quarter of this year,” said Jonny Smith, Acquisition Manager at Corum Asset Management. “We’re seeing strong long-term income opportunities in the healthcare sector at present.”
