Boldt and New Perspective, a leading senior living operator, have partnered on over 20 projects under the Purpose First Partners (PFP) banner—a joint venture focused on creating exceptional senior living communities across the Midwest. This longstanding partnership has produced numerous large-scale developments and strategic acquisitions, allowing New Perspective to nearly double its portfolio while maintaining high standards in senior living.
Boldt and New Perspective have developed a high-quality approach to senior living communities, reflected in the successful completion of numerous development projects. Each of these projects follows a strategically planned process that emphasizes efficiency, quality and resident satisfaction.
Across all projects, Boldt implemented a model that includes:
- Market-Driven Site Selection: Each development was guided by an in-depth demographic analysis to ensure the selected location met the demand for senior living services in that market.
- Comprehensive Care Options: All communities offer a mix of independent living, assisted living, and memory care, allowing residents to age in place.
- Premium Amenities: Each community is designed with upscale amenities, such as bistros, fitness centers, and outdoor courtyards, promoting an active lifestyle for residents.
- Operational Efficiency: Designs focused on balancing resident comfort with operational efficiency, ensuring these communities not only meet but exceed market expectations.
Over the years, Boldt has successfully executed numerous investment projects, consistently applying a strategic approach that creates long-term value for partners and communities alike. Whether through direct acquisitions, mergers, or joint ventures, Boldt follows a proven process designed to ensure each transaction delivers maximum value while safeguarding the interests of operators and investors.
- Strategic Market Selection: Boldt identifies and targets underserved markets with strong growth potential, ensuring that acquisitions meet local demand while positioning communities for long-term success.
- Collaborative Ownership Structures: Boldt tailors acquisition deals to maintain key stakeholder involvement, crafting joint ventures that allowed NPSL to continue managing day-to-day operations while benefiting from Boldt’s real estate expertise.
- Seamless Ownership Transitions: Through creative transaction structures, Boldt ensures a smooth handover with no disruption to residents or staff, preserving operational integrity throughout the transition.
Key Projects
New Development
Serving as project owner and developer with New Perspective, this $46 million, 136-unit, 145,651-square-foot senior living community offers independent living, assisted living apartments and a dedicated memory care community. Amenities include a wellness center and dance studio focused on senior health and wellness, chapel for services and community activities, full-service pub and bistro area, restaurant-style dining room, beauty salon and spa and welcoming two-story lobby with water features and natural stone. This project also boasts numerous outdoor patio areas and walking paths around the beautiful seven-acre campus.
New Development
New Perspective Franklin is one of three high-end senior living developments in Wisconsin and Minnesota. Each community offers a mix of independent living, assisted living and memory care. Building features include a spacious two-story lobby and reception area with fireplaces, water features and natural stone appointments, wellness center, indoor warm-water therapy pool, restaurant-style dining room, café and pub, full-service beauty salon/spa, activity center, movie theater and dance hall.
Acquisition
As part of a landmark deal exceeding $200 million in capital, Boldt acquired six senior living communities in partnership with New Perspective and Fengate. This strategic funding, comprised of a bridge loan, preferred equity and common equity, marks the commencement of a programmatic relationship aimed at channeling $500 million towards the future acquisition and development of senior living communities across the United States.
Senior Living Real Estate
Development & Investment
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