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Follow on Google News | Idyllic Topanga Park Assisted Living Acquired by DiNapoli Capital PartnersBy: JCH Consulting Group The acquisition was a perfect match for DCP, as it met their value-added senior housing investment strategy which focuses on assisted living and memory care properties that are in need of lease up, renovation, repositioning, and improved operational efficiency. The addition of Topanga Park Retirement to the existing, impressive portfolio of DCP enhances their presence in Southern California. Built in 1981, Topanga Park has seen more than 52,000 square feet of improvement over the last several decades. The facility itself enjoys excellent frontage along Topanga Canyon Boulevard and boasts a larger-than- “The facility will require a considerable amount of capital improvements to compete within the market. I look forward to attending the Re-Grand Opening”, says Roylance. Using his unparalleled knowledge of the healthcare industry, Shep Roylance specializes in the acquisition and disposition of a wide range of senior housing facilities. His knowledge and experience in the intricacies of the bankruptcy court has proved to be invaluable to his continued success in the execution of transactions of troubled senior housing facilities. Roylance saw an opportunity in Topanga Park, as the current owner and operator has built himself a good reputation within the community. In the year leading up to the sale of the facility, Topanga Park saw a revenue of $4.5 million and expenses were around $2.3 million, making the net ordinary income roughly $2.2 million. With the acquisition of Topanga Park, DCP has continued to add to their resume and reputation as a leader when it comes to senior housing properties in Southern California. The sale of Topanga Park Assisted living is further proof of California’s hot senior housing market. For more than a decade, Roylance’s main goal has been the improvement of the quality of care of our nation’s senior population, providing world-class nursing home and assisted living brokerage services to both buyers and sellers. He services individual owner/operators, regional and national healthcare providers alike, but he specifically targets the representation of institutional investor’s healthcare portfolios in part or in entirety. Shep Roylance’s judicious representation of the entire spectrum of the senior housing market has earned him an outstanding nationwide reputation, something that can be seen through his brokerage of Topanga Park. End
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