Development of Memory Care in California

MSP has partnered with Seasons Living to develop a 60-bed stand alone memory care facility in Torrance, California. The facility will be developed on a site along Pacific Coast Highway adjacent to a Whole Foods, Sam’s Club, AMC Theaters, Trader Joe’s and with two local hospitals proximate to the site. Greater Los Angeles, and broader California markets, both retain substantial barriers to new development and the Torrance submarket has experienced limited new supply relative to strong demographics.