Deborrah Willard Of Foundation Of Affordable Housing Acquires Senior Housing In Garden Grove For $15.5M

The asset involved in the transaction is a senior housing property located at 12811 Garden Grove Boulevard in the Garden Grove market. The property contains 82 units, encompassing a total square footage of 73,748, with a sale price of $15,500,000, resulting in a price per unit of $189,024 and a price per square foot of $210.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $15,500,000
• Units: 82
• Square Footage: 73,748
• Price Per Unit: $189,024
• Price Per Square Foot: $210
• Buyer: Deborrah Willard - Foundation of Affordable Housing
• Seller: Michael A. Costa - Highridge Costa
• Transaction Date: 08/19/2025

Deborrah Willard, representing the Foundation of Affordable Housing, acquired the property from Michael A. Costa of Highridge Costa Development Co. This deal highlights the ongoing investor interest in affordable housing within Orange County, particularly given the low vacancy rates for Class B and C properties in the region.