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If I Were a Richman

Sale of memory care community in Orange County
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.

Jacob Gehl

Scott Frazier

Ben Firestone