Assisted Living & Residence | California USA

BPG assisted living a proposed senior assisted living community to be built in San Marcos, California, in the northern suburbs of San Diego county. BPG assisted living will be a full service senior housing project with emphasis on independent assisted living and memory care. The community will consist of approximately 135 units of much-needed senior housing in the city, and will provide its residents a state-of-the –art community with a focus on wellness, community and lifestyle. Current feasibility studies underscore the need for this project, which is slated to begin construction upon the completion of funding. The sponsor has a track record of success and is seeking $36.4M to complete the build out. To date, the sponsor has invested $4.5M. The completed project is expected to have an immediate value of $51.7M. Upon completed the sponsor plans on engaging a well-regarded third party to manage the facility.