JLL Capital Markets led the sales efforts for the Class A WelbeHealth Fresno Center
News release
30 April 2025
PACE Facility in Fresno trades on behalf of Turner Impact Capital
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
LOS ANGELES, Apr. 30, 2025 – JLL Capital Markets announced today that it has completed the sale of WelbeHealth Fresno Center, an 18,869-square-foot, Class A PACE medical facility in Fresno, California.
JLL represented the seller, Turner Impact Capital’s Turner Healthcare Facilities Fund, and procured the buyer, Corum Asset Management. The sale marks the first transaction between JLL and Corum in the United States.
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.”
Senior Director Matt Dicesare of the JLL Medical Properties Group represented the seller in partnership with Senior Director Jeff Cicurel of JLL’s Corporate Finance and Net Lease team.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Turner Impact Capital
Turner Impact Capital is one of the nation’s largest and fastest-growing social impact investment firms, positioned to invest over $6 billion since our founding to develop real estate solutions that address daunting societal challenges across the U.S.
About Corum Asset Management
Based in France, Corum Asset Management has investment directly in more than 16 European countries since its inception in 2011. It’s investment strategy is to use real estate cycles rather than being subjected to them, by identifying countries whose real estate assets remain undervalued. Corum group manages over $9 billion in real estate and alternative investments with more than 130,000 investors. For more, please visit: corumbutler.com.