Utah-based Operator Acquires North Sacramento Nursing Home For $36M

A skilled nursing facility in North Sacramento, located at 500 Jessie Avenue, has been sold in a closed property transaction. The property, known as Norwood Pines Care Center, specializes in memory care and long-term assisted living. The buyer, Jason Murray of Providence Administrative Consulting Services, acquired the facility for a total sale price of $36 million. The sale took place on January 8, 2024. The facility has a total area of 33,355 square feet and a price per square foot of $1,079. The seller, Abraham Bak, represented 500 Jessie Avenue LLC in the transaction.

Summary of transaction details

• Property Type: Nursing Home
• Transaction Amount: $36,000,000
• Address: 500 Jessie Avenue, Sacramento
• Buyer: Jason Murray - Providence Administrative Consulting Services
• Seller: Abraham Bak - 500 Jessie Avenue LLC
• Square Feet: 33,355
• Price per Square Foot: $1,079

Providence Administrative Consulting Services, based in Utah, is an operator of over 100 skilled nursing centers across the United States. This acquisition adds North Pointe Care Center, the rebranded name of the Norwood Pines Care Center, to their portfolio of properties.