RIVERSIDE, Calif. — Reliant Management Group has purchased Riverside Healthcare Center, a 188-bed skilled nursing facility for $12.5 million.
Shep Roylance of JCH Senior Housing Group represented both the buyer and the seller, Lifehouse, in the transaction. Lifehouse will continue to operate the facility under a 15-year lease with two five-year extension options.
Located in Riverside, approximately 50 miles east of Los Angeles, Riverside Healthcare Center is situated on nearly four acres and features several onestory buildings. Originally constructed in 1969, the site has grown to nearly 40,000 square feet.