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33603963
33603964

824 San Antonio Road, Palo Alto, CA 94303

KK
CA 01759705, CA 01154757
Legacy Real Estate & Associates
Listed by Legacy Real Estate & Associates
$25,000,000
2 days on market
Updated 2 days ago

VeRa Luxury CCRC

Details
Property Type Senior Living, Business for Sale
Sub Type Business Only
Square Footage 48,465
Beds 27
Class A
Buildings 1
Acreage 0.450
Zoning CS
Ground Lease No
Sale Condition N/A

Boutique Luxury CCRC Platform - Palo Alto, CA

Marketing description

Rare opportunity involving VeRa, a proposed boutique luxury Continuing Care Retirement Community (CCRC) in Palo Alto, California. Fully entitled 27-residence community designed to serve affluent seniors seeking a personalized, hospitality-driven environment with continuity of care. Planned community includes Independent Living and Assisted Living residences, ground-floor commercial space, and a purpose-built luxury senior living facility in one of the most affluent and supply-constrained senior housing markets in the United States. Ownership is seeking an experienced senior living operator, healthcare-related group, hospitality-oriented organization, or other qualified strategic participant for up to approximately 45% participation in the operating business platform. Entitlements approved and permitting in process. Significant barriers to entry, strong demographic fundamentals, and luxury positioning create a unique opportunity within the senior housing sector. Confidentiality agreement required for access to detailed information.

Investment highlights

• Palo Alto opportunities rarely become available

• One of the wealthiest communities in America

• Significant barriers to future supply

• Existing operators demonstrating strong pricing power

• Boutique format targets underserved luxury segment

• Growing affluent senior population

• Stanford University and healthcare ecosystem nearby

• Opportunity to create a differentiated Peninsula luxury senior brand

• Opportunity for meaningful participation in a high-growth luxury senior living platform

• Ownership is seeking an experienced strategic operating partner for up to approximately 45% participation in the business platform

• Proposed structure contemplates approximately $25M of strategic capital participation alongside operational involvement

• The relationship is intended as an active long-term joint venture with shared execution and growth objectives

Listing Contacts

KK
CA 01759705, CA 01154757
Legacy Real Estate & Associates
Listed by Legacy Real Estate & Associates

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