FLORISSANT and DeSMET, Mo. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two seniors housing communities in northwest St. Louis.
Pacifica Senior Living divested of the communities as non-core assets. Located in Florissant and DeSmet, the properties total 165 units of independent living and assisted living.
An investment fund out of St. Louis, a new entrant to the seniors housing industry, bought the assets and plans to convert one property into multifamily housing and maintain the other as a seniors housing community.
The price was not disclosed.