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Birmingham, Michigan (June 30, 2025) - Kandu Capital, LLC, a family office specializing in real estate and healthcare, and its operating company, Bloom Senior Living (collectively, "Bloom"), today announced the sale of their final senior living community in South Carolina, completing the company's full exit from the state.
The transaction involved Bloom’s Independent Living and Memory Care community in Bluffton, which sold for $13.5 million on an initial investment of approximately $3 million. This follows Bloom’s recent divestitures of two other Assisted Living and Memory Care communities in the Bluffton and Hilton Head markets. Together, these transactions conclude Bloom’s successful, decade-long presence in the region and represent another step in the company’s ongoing strategic realignment.
In recent years, Bloom has opportunistically divested Skilled Nursing, Behavioral Health, and Seniors Housing assets at peak valuations—up to $225,000 per bed—while strategically redeploying capital into new Seniors Housing investments at less than $30,000 per unit.
Since 2021, these transactions—including the latest Bluffton sale—have generated over $120 million in proceeds on total initial investments of approximately $27 million, with minimal leverage.
Bloom is well-positioned for its next phase of strategic growth as the seniors housing industry enters a new peak cycle. Market fundamentals—including surging demand, limited new supply, and strong absorption signaling a historic demographic shift—are expected to push occupancy, profitability, and valuations beyond the industry’s previous highs of 2014–2015.
With a scalable operating platform, a core portfolio nearing 100% occupancy, record rent and net operating income growth, a strong balance sheet, and a robust pipeline of new opportunities, Bloom is poised to capitalize on sector tailwinds and pursue new opportunities that enhance its portfolio and advance its aspirational mission of delivering high-quality care where residents flourish.
Berkadia Real Estate Advisors, LLC represented both the seller and buyer in this transaction. Honigman LLP served as legal counsel to Bloom.
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