Pennant Group Acquires 46-Unit Pleasant Hill Memory Care Community on Triple Net Lease
PNTG•The Pennant Group assumed operations of the 46-unit Memory Care of Contra Costa community in Pleasant Hill, California under a triple net lease on June 1. This marks Pennant’s first senior living expansion into California since its independence as a publicly traded company in 2019.
1. Acquisition Details
On June 1, The Pennant Group assumed operations of the Memory Care of Contra Costa community in Pleasant Hill, California. The community features 46 dedicated memory care units and will operate under a triple net lease, reflecting the company’s disciplined approach to capital deployment.
2. Strategic Context
This acquisition is Pennant’s first senior living expansion into California since becoming an independent publicly traded company in 2019. The company aims to ensure operational continuity for residents and staff while leveraging its senior living subsidiary to build on the community’s existing foundation.
