(EDITOR’S NOTE: According to public documents, the sale of this property closed on March 23, 2016 for $6 million.)
Madonna Manor is an 85-unit assisted living facility with 68 licensed beds that has been owned and operated by the California Catholic Daughters of America Home Inc. (“Catholic Daughters”) since 1971. Rockwood Pacific was retained by the Catholic Daughters to conduct a formal solicitation process of buyer candidates with the capabilities to expeditiously complete the purchase transaction as well as capably serve existing and future residents of Madonna Manor.
Catholic Daughters, a 501c3, is affiliated with the Catholic Daughters of the Americas. The Catholic Daughters of the Americas was formed over 100 years ago and is one of the oldest and largest organizations of Catholic women in the Americas. We are thankful for the opportunity to be of service to this remarkable California charitable organization.
About Rockwood Pacific
Rockwood Pacific, a professional real estate services firm, assists mission-based organizations in developing and executing plans related to improved and unimproved real estate assets. We focus exclusively on real estate currently serving or potentially serving older adults. In particular, Rockwood Pacific provides decision support, transaction brokerage, financial advisory and development management services. General information on Rockwood Pacific is available at www.rockwoodpacific.com.