Blueprint Healthcare Real Estate Advisors sold GranVida Senior Living, a senior living community located in Carpinteria, California. Initially built as an office building, the community was acquired and converted to assisted living in 2017. It now consists of 55 assisted living and 15 memory care units, with 77 total beds, in a high barrier-to-entry submarket of Santa Barbara. It also benefits from being the only seniors housing community within approximately 10 miles. Plus, there is an additional 1.81 acres adjacent to the site that is available for development of a second building with 50 units and 54 beds of assisted living.
Blueprint ran a competitive marketing process for an institutional ownership group which resulted in multiple offers. Ultimately, Blueprint recommended the seller move forward with Blake Parsons, the owner of RBP Communities, a privately-owned, seniors housing owner/operator based in Santa Barbara. Scott Frazier, Jacob Gehl and Humair Sabir of Blueprint worked on the deal.
