We are thrilled to announce that our sale of The Alamitos West & Katella Senior Living in Q2 of 2025 has been recognized as CoStar’s 2026 Sale of the Year for Orange County!
This deal sold for $34.5 million, roughly $500,000 above guidance and set a near record price per bed, despite being non‑stabilized and nearly a year of state approvals. The sale showcased our teams’ capabilities alongside the strength of essential SNF and Assisted Living assets in an extremely tight, no‑new‑supply SoCal market. This award and execution further proves that our valuations are grounded in active buyer demand, not backward-looking comps. Lead advisors on the deal were Nick Stahler, Mike Mooney and Hap Knowles.
Huge thanks to the sellers, The Goodman Group and our buyer group: IEP, CareTrust REIT & The Ensign Group, for trusting us with a once‑in‑a‑generation opportunity. Lastly, another huge thank you to the team at CTT, Chris Miller, Lance Capel and Jeni Harrigan for their execution on complex, prolonged regulatory approval transaction timeline.
Judges called it a “record‑setting sale overcoming major regulatory hurdles”, a powerful reminder of having experienced operators take over assets where there is an increasing demand for critical services by an aging population.
Thank you, Costar for honoring us with this award and a sincere thank you to everyone else who made it happen!