Keiro consists of two Skilled Nursing Facilities (398 total beds), a 90-bed Intermediate Care Facility, and a 154-unit Independent Living Facility. In addition to the healthcare properties, the portfolio includes a 23,000-square foot administrative building as well as a 6,000 square foot auditorium and recreation center on the primary campus.
The Japanese-American Community in Southern California cherishes the values associated with caring for its elders, and Keiro has done so with pride to over 130,000 families since its inception in 1961. While Blueprint was charged with maximizing value for its client, it never lost sight of Keiro’s mission of preserving this time-honored tradition. The Seller, Keiro, is a non-profit board comprised of civic and business leaders among the Japanese-American Community in Los Angeles, and the Buyer, San Diego-based Pacifica Companies, is a private investment firm with vast expertise in seniors housing. Pacifica closed the transaction exclusively with cash and will be leasing the two skilled nursing facilities to Aspen Healthcare. Aspen Healthcare was selected due to its reputation for providing excellent care as well as its commitment to upholding the cultural sensitivity and legacy of Keiro.
Christopher Hyldahl was the lead advisor on the transaction.