Joint Venture Building Assisted Living In Bakersfield

Two companies are joining forces to build a brand-new assisted living/memory care community in Bakersfield, California, with the help of Aaron Rosenzweig, Jay Wagner, Sam Dylag and Alex Petrosian of Cushman & Wakefield. Situated on three and a half acres next to a newly constructed skilled nursing/sub-acute care facility, the to-be-built community will feature 44 assisted living and 24 memory care units on one story. It is the third ground-up development between the joint venture between real estate developer Blue Mountain Enterprises and California-focused operator Pragma Management. To fund it, the Cushman & Wakefield team arranged an $11.55 million construction loan, funded by PNC.

 

 

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