LAS VEGAS — JCH Consulting Group has arranged the placement of a “long-term, publicly traded credit tenant” at a 95-unit assisted living community in Las Vegas. The name of the facility was not disclosed.
The owner, a private equity firm based in California, had not received rent from the previous tenant for over a year and was in the process of eviction. JCH helped the new operator secure an emergency license to take over the distressed property.
The new, 25-year lease agreement allows rents to return to market rates within three years.
JCH Consulting Group is a real estate brokerage firm focused on seniors housing.