Another SNF in Lifehouse's Portfolio Sold to Reliant Management Group

RIVERSIDE, Calif. - July 7, 2016 - PRLog -- Riverside Healthcare Center was sold to Reliant Management Group in a lease purchase transaction for $13.1 million. The 188-bed Skilled Nursing facility was one of nine SNF communities throughout California that had been operated by Lifehouse Healthcare Services.

With the assistance of Shep Roylance of JCH Senior Housing Group, Lifehouse has been diversifying their portfolio over the last year. Riverside, in particular, has had a troubled past, finding itself on the Specialty Facility Focus (SFF) list for over 47 months.  Reliant Management Group successfully graduated Riverside Healthcare Center off the SFF list and exercised its option to purchase the facility in early June 2016.  The transaction closed on July 1, 2016.

Located in Riverside, California, this facility is situated on nearly 4 acres and features several one-story buildings, all of which have served different purposes in the past. Over the years, the site has grown to span nearly 40,000 square feet and has 188 licensed beds. Constructed in 1969, Riverside provides a full range of nursing care, rehabilitation care, social services, and support services.

It should be noted that Roylance represented both Lifehouse and Reliant Management Group during this transaction. Reliant Management Group focuses on skilled nursing facilities, long-term acute care hospitals, rehabilitation hospitals, and continuing care communities throughout the United States. With the acquisition of Riverside, they will add another prominent California facility to their ever-expanding West Coast portfolio.

In his capacity as Senior Vice President of JCH Senior Housing Group, Roylance specializes in the acquisition and disposition of skilled nursing, assisted living, Alzheimer's care, and continuing care residential facilities. Roylance's knowledge and expertise covers the entire spectrum of the senior housing market. Furthermore, his knowledge and experience in the intricacies of the bankruptcy court is invaluable in his execution of transactions of facilities in bankruptcy. Although Roylance services individual owner/operators and regional and nation healthcare providers alike, he specifically targets the representation of institutional investor's health care portfolios in part or in entirety. His judicious representation of both buyers and sellers in the senior housing market has earned him an outstanding nationwide reputation.

Shepard W. Roylance

SVP- The JCH Group

EFax:   (805) 392-5171

Email: Shep@shepjch.com

Web:  www.shepjch.com