Blueprint Arranges $41M Sale of 642-Unit Keiro Portfolio in Los Angeles

by Jeff Shaw

LOS ANGELES — Blueprint Healthcare Real Estate Advisors has arranged the sale of Keiro Senior HealthCare, a four-property, 642-unit seniors housing portfolio in Los Angeles.

Pacifica Cos., a private investment firm based in San Diego, bought the portfolio from Keiro, a nonprofit owner/operator, for $41 million in an all-cash transaction.

The Keiro portfolio consists of two skilled nursing facilities totaling 398 beds, a 90-bed intermediate care facility, and a 154-unit independent living facility. In addition to the healthcare properties, the portfolio includes a 23,000-square-foot administrative building as well as a 6,000-square-foot auditorium and recreation center on the primary campus.

The Keiro properties target the Japanese-American seniors demographic in Southern California. Pacifica will lease the two skilled nursing facilities to Aspen Healthcare.

Christopher Hyldahl led the Blueprint team on the transaction.

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