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Turner Impact Fund Divests Fresno Medical Facility
JLL Capital Markets completed the sale of WelbeHealth Fresno Center, an 18,869-square-foot, Class A PACE medical facility in Fresno. Senior directors Matt Dicesare and Jeff Cicurel represented the seller, Turner Impact Capital’s Turner Healthcare Facilities Fund, and procured the buyer, Corum Asset Management. The sale marks the first transaction between JLL and Corum in the U.S.
WelbeHealth – Fresno Center was originally built in 1975 and renovated in 2020. The fully leased facility is part of the PACE (Program of All-Inclusive Care for the Elderly) healthcare program, providing comprehensive medical and social services to elderly individuals who are eligible for nursing home-level care but wish to continue living in their own homes.
Jonny Smith, acquisition manager for Corum Asset Management said, “The Welbe Health deal is one of two U.S. healthcare assets secured by Corum in Q2 this year, in a sector where we are seeing strong long-term income opportunities at present.”
- ◦Sale/Acquisition