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.