Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Foley & Lardner LLP represented West Anaheim Extended Care in its sale of a 138-bed skilled nursing community in Anaheim, California for $25 million.
United States
Foley & Lardner LLP represented West Anaheim Extended Care
in its sale of a 138-bed skilled nursing community in Anaheim,
California for $25 million.
Westside Anaheim Extended Care, the local owner-operator, sold
the skilled nursing facility of the same name to an East
Coast-based real estate holding company, which will then lease the
property to a new regional operator. The purchase price equates to
$181,159 per bed, and at the time of sale, the skilled nursing
community was 96 percent occupied and making over $2 million per
year in net operating income. The facility also holds a contract
for over 50 therapeutic residential care beds.
The Foley deal team was led by Partner Matthew Jassak and
included Associates Melody Deatherage, Jennifer Guzman, and Dan
Noffsinger.
Contributor
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
