REBusinessOnline

Blueprint Arranges $25M Sale of 148-Unit Independent Living Community in Costa Mesa

COSTA MESA, Calif. — Blueprint has arranged the $25 million sale of an undisclosed 148-unit independent living community in the Orange County submarket of Costa Mesa.

The community was built in 1990. The seller was a local family that acquired the community in 1995 and has operated it since. The buyer is an East Coast-based private equity firm.

The community was 68 percent occupied at the time of sale. The purchase price equates to $169,000 per unit.

Jacob Gehl and Gideon Orion of Blueprint were lead advisors on the transaction.

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