DONE DEAL:
Blueprint Sets Forth ‘Shrinking to Grow’ Strategy
Blueprint is pleased to announce the successful sale of Baptist Towers, a 97-unit Assisted & Independent Living Community located in Covington, Kentucky. The Seller was a faith-based non-profit organization seeking to deploy its capital into a new seniors housing development project.

Blueprint’s solutions-based approach broadened its client search from the one specific deal structure it previously sought out from the marketplace. Blueprint set forth a strategic marketing campaign procuring a high net-worth real estate investor with a local presence in both multifamily and seniors housing. The Buyer demonstrated an entrepreneurial vision for a strategic turnaround of the subject community. The purchase price was $3,100,000.

Connor Doherty and Jacob Gehl were lead advisors on the transaction along with Kentucky Select Properties who was retained by the Seller as representative in the sale.

LEAD ADVISORS
Connor Doherty
Senior Associate
(312) 300-4834
cdoherty@blueprintHCRE.com
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com