If I Were a Richman
Blueprint is pleased to announce the successful sale of Richman Gardens, a boutique, standalone memory care community in the affluent Orange County community of Fullerton, California. The owners of the community, a joint venture between a REIT and a national seniors housing operator, elected to sell as part of a larger portfolio disposition strategy.

Viewing Blueprint as a leader in market reach and expertise, the owners engaged the firm to facilitate a confidential marketing process. By targeting its network of active players in the industry, Blueprint identified a local owner-operator from Los Angeles looking to expand its footprint in Southern California. The buyer plans to undergo a substantial renovation of the community as well as implement operational changes to reduce expenses. This is their first Orange County acquisition.

The result was a successful outcome for all parties involved, as well as a smooth ownership transition without disruption to operations.

The transaction was handled by Jacob Gehl, Ben Firestone, and Scott Frazier.

Jacob Gehl
Executive Managing Director & Co-Founder
Ben Firestone
Executive Managing Director & Co-Founder
Scott Frazier
Senior Associate