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SOUTHERN CALIFORNIA NEWS
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PACE Facility in Long Beach Trades Hands

12/06/23

WelbeHealth Long Beach Center, a newly renovated, 15.9k sf PACE (Program of All-Inclusive Care for the Elderly) facility in Long Beach, has traded hands. Located at 1220 E 4th St., the WelbeHealth Long Beach Center is a PACE facility that is fully leased to WelbeHealth, one of the fastest-growing operators of PACE facilities in the U.S. with significant market share in California.

The PACE healthcare program provides 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. The PACE program is a joint Medicare and Medicaid program and covers a wide range of healthcare services including primary care, rehabilitation, transportation and social services.

The facility, which underwent extensive renovations in 2019, offers a range of medical specialties including primary care, wound care, dental care, cardiology and dementia care. It also features amenities such as a rehabilitation gym, salon, family conference room, laundry facilities and an outdoor patio garden.

Matt DiCesare, Jeffrey Cicurel, Andrew Milne and John Chun with JLL Medical Properties Group represented the seller, Turner Impact Capital, and procured the buyer in the deal.





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