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5/02/25
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Corum Asset Management has purchased WelbeHealth Fresno Center, an 18.9k sf, Class A PACE medical facility in Fresno. The property is located at 1649 Van Ness Ave, south of Hwy 180 and east of Hwy 99.
WelbeHealth – Fresno Center was originally built in 1975 and renovated in 2020. The fully leased facility is part of the PACE (Program of All-Inclusive Care for the Elderly) healthcare program, providing comprehensive medical and social services to elderly individuals who are eligible for nursing home-level care but wish to continue living in their own homes.
Services at the WelbeHealth-Fresno Center location include medical care, coordination, prescriptions, in-home care, dental, vision, hearing, transportation, physical and occupational therapy as well as social activities and meals.
Jonny Smith, acquisition manager for Corum Asset Management said, “The Welbe Health deal is one of two U.S. healthcare assets secured by Corum in Q2 this year, in a sector where we are seeing strong long term income opportunities at present. Corum continues to grow their U.S.-dedicated investment fund following positive fund raising since launch in November 2024. The fund targets high yielding core investments across all commercial real estate sectors and now manages $50m across three deals in the US.”
Matt Dicesare and Jeff Cicurel with JLL represented the seller, Turner Impact Capital’s Turner Healthcare Facilities Fund.
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