DONE DEAL:
Alabama Getaway
Blueprint is pleased to announce the successful sale of Meadowood Retirement Village, an 85-unit assisted living and memory care community located in Glencoe, Alabama.

Blueprint conducted a confidential marketing process on behalf of an owner looking to sell its only seniors housing asset. Meadowood Retirement Village was built in 1984 and underwent a memory care expansion in 2012. During its highly-focused marketing process, Blueprint procured a publicly-traded REIT as the buyer given its ties to a prominent operator in the region. The Meadowood acquisition allows the incoming operator to unlock significant upside by way of synergies with its higher acuity healthcare facility in the local market.

The transaction represents a 7.8% capitalization rate on trailing operational performance.

Brooks Blackmon was the advisor on the transaction.

LEAD ADVISORS
Brooks Blackmon
Senior Associate
(312) 300-4829
brooks@blueprintHCRE.com