REDDING, Calif. — Blueprint Healthcare Real Estate Advisors has arranged sale of a nine-acre seniors housing development site in Redding, approximately 160 miles north of Sacramento.
A regional owner-operator planned to build a 227-unit campus on the site that will offer independent living, assisted living, memory care and cottages. The company later scrapped those plans, electing to sell the site instead.
A regional owner-operator looking to enter the California market acquired the property for an undisclosed price. The new owner plans to revive the project, with construction scheduled to begin in fall 2019.
Dan Mahoney and Blake Bozett of Blueprint handled the transaction.