The new construction portfolio was developed by a well-known real estate group based out of Beverly Hills, California. The properties, the group’s first endeavor into the seniors housing industry, are expected to open later this year.
Blueprint was engaged by the owner to assist in operator selection for the portfolio because of the team’s intimate knowledge and network of regional operators. Blueprint orchestrated a competitive process using its resources, contacts, and experience, that resulted in attractive management proposals from some of the best regional operators. Based on Blueprint’s recommendation, the developer selected A&A Senior Living, a regional operator based in Danville, California. A&A Senior Living assumed management of the properties in March of 2019.
The placement was facilitated by Jacob Gehl, Humair Sabir, and Scott Frazier.