Sale of 100-unit private pay community in Central California's San Joaquin Valley
Blueprint is pleased to announce the successful sale of Park Visalia Assisted Living, a 100-unit private pay community located in Central California's San Joaquin Valley.
Park Visalia was originally acquired in 2014, and ownership invested in several capital improvement projects and brought in a California-based third party management company to boost occupancy and turnaround operations.
However, after the first year occupancy remained constantly below market levels.
The owner elected to transition the operations to a Midwest-based provider that managed to stabilize key leadership staff positions and ultimately improve occupancy and cash flow.