SAN CLEMENTE, Calif. — Senior Living Investment Brokerage (SLIB) has arranged the sale of San Clemente Villas by the Sea, a 140-unit assisted living and memory care community in the Orange County city of San Clemente.
The facility was built in 2002 and totals 131,765 square feet on approximately 3.3 acres of land.
The seller’s family developed and managed the property, but now plan to exit the seniors housing space. The buyer was private equity group based in Southern California, which selected an experienced West Coast operator. The price was not disclosed.
The buyer plans on making significant investments in the propety to fully maximize the irreplaceable location.
Brad Goodsell and Jason Punzel of SLIB handled the transaction.