Chaim Rajchenbach Net Worth 2026: Cascade Capital Co-Founder

No reputable outlet has published an estimate of Chaim Rajchenbach's net worth, so the $22.5 million figure that appeared here before, which had no source, has been removed. Rajchenbach is a co-founder and managing director of Cascade Capital Group, a Skokie, Illinois, private equity firm that buys nursing homes and other long-term care properties, and its facilities are run by the affiliated operator Legacy Healthcare. The firm's deals run to tens of millions of dollars, but its ownership and profits are private.

What is Chaim Rajchenbach's net worth?

There is no reliable figure. Cascade Capital is privately held with at least two founding partners, and it finances purchases with loans, so the size of its deals says little about any one owner's equity. The earlier version of this page claimed he earns $750,000 a year and gave an age of 47, a height and a weight. None of that had a source, and it has been removed along with invented passages about his childhood, schooling and marriage.

Cascade Capital Group

Cascade Capital launched in January 2016, set up by the owners and leadership team that built Legacy Healthcare, according to a March 2016 press release from lender Oxford Finance. It describes itself as a private health care real estate investment and management firm focused on skilled nursing, post-acute rehabilitation, transitional care and assisted living. At launch, Legacy operated 21 facilities in the Chicago area.

Its first deal outside Illinois was financed with a $27 million term loan from Oxford Finance to buy three skilled nursing facilities in Colorado and Utah. Rajchenbach, quoted as a principal, said the facilities were a chance to grow in the western United States.

The Iowa Capital Dispatch reported in 2024 that Cascade is run by its two founders and managing directors, Rajchenbach and Menachem "Nachy" Shabat.

Legacy Healthcare

Legacy Healthcare, Cascade's operating affiliate, has grown fast. In June 2026 McKnight's Long-Term Care News reported that Legacy had more than 100 facilities across Illinois, Iowa and South Dakota, with about 10,500 employees caring for patients in over 10,000 beds. Federal data from April 2026 ranked it the 12th-largest U.S. nursing home chain by number of facilities. It started with two facilities in 2008, grew slowly to about 30, then added eight former Lexington facilities in 2019, then over 15 more during the pandemic.

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Major deals

The Iowa expansion

The largest reported deal is the 2024 purchase of 29 Iowa care facilities from ABCM Corp. of Hampton, Iowa, for $85 million. Property records showed the deeds moving to companies sharing Cascade's Skokie address, the Iowa Capital Dispatch reported.

Chicago-area sales

In 2026 Cascade sold two post-hospital rehabilitation centers it had owned for more than 10 years, in Evanston and Zion, for a combined $32.9 million to a new operator, Alpine Healthcare, The Real Deal reported. Each had been financed for more than $18 million in the previous decade, so it was unclear whether Cascade made a profit on them. The sales came during a busy stretch for Chicago-area senior housing, when four other communities traded for a combined $217 million within about a month.

These deals show a firm that both buys and sells. Cascade has used lender financing from the start, and by 2024 it and Legacy were operating dozens of homes across several Midwestern states, which made the Iowa purchase a large step up in scale.

Regulatory scrutiny

Nursing home owners are closely watched, and Cascade has faced criticism. In late 2024 the nonprofit Center for Medicare Advocacy compared federal records for ABCM's 29 Iowa homes with 57 facilities owned by Cascade and run by Legacy. It found that over three years, the Legacy facilities averaged about $83,994 in federal fines each, compared with $4,815 for the ABCM homes, the Iowa Capital Dispatch reported. Cascade and Legacy did not respond to the paper's requests for comment.

Those findings concern the companies' facilities, not Rajchenbach personally, and they do not establish wrongdoing by him.

Personal life

Rajchenbach is based in the Chicago area and has kept his personal life out of the press. No reliable source gives his age or details about his family.

For another real estate investor profiled on this site, see Bill Shopoff.

Why no estimate exists

Cascade holds properties through separate companies, as the Iowa deed transfers show, finances them with loans, and has at least two founding partners. Without disclosed ownership stakes, debt levels or profits, and with no coverage from Forbes or other wealth trackers, Rajchenbach's net worth cannot be stated responsibly.