CLOSED! Chad Mundy MBA, LNHA and Nick Stahler of The Knapp-Stahler Group at Marcus & Millichap are pleased to announce the successful sale of an 83-unit, 120-licensed bed Assisted Living and Memory Care community located in Chico, CA.
Built in 2001, the two-story community features serene lakefront views, thoughtfully designed resident units, multiple common areas, and a central courtyard that encourages resident engagement and relaxation.
Both the buyer and seller are established regional owner-operators in the senior housing space. The community represented a unique value-add opportunity, supported by strong market fundamentals and growing demand for senior housing in the area. The transaction was especially time-sensitive due to a state-imposed operator transition deadline. The Knapp-Stahler Group successfully navigated the process, helping the seller avoid decertification and secure a qualified buyer committed to repositioning the asset with new leadership ahead of the early 2025 operator transition deadline.