Harrison Street Asset Management (HSAM) has formed a new joint venture with Oakmont Senior Living and Blue Mountain Enterprises to acquire and develop a six-property, class A senior housing portfolio across California. This relationship-driven venture brings together three leading firms with complementary expertise across investment, development and operations.
The portfolio includes five operational senior living communities and one shovel-ready development scheduled for completion in 2027, all in high-barrier California markets. The 669-unit portfolio features spacious layouts and premium amenities such as full-service hair salons, coffee and gelato bars, movie theaters, outdoor community areas, and activity rooms, all designed to provide an elevated living experience.
Oakmont will manage and operate the communities. This acquisition builds upon Harrison Street’s existing long-term relationship with Oakmont, which comprises 24 assets and approximately 2,500 units
