DONE DEAL:
Heritage Place Senior Living
Blueprint is pleased to announce the successful closing of Heritage Place Senior Living, a 159-Unit Independent Living Community located in Memphis, Tennessee. The transaction entailed an all-cash closing for a price of $1,000,000 as the property was sold vacant.

Michael Segal and Ben Firestone listed the property and cooperated with an outside broker whom they trust to procure the buyer. The buyer’s plan is to use community reinvestment dollars and tax credits to re-open and stabilize the property.

The Seller was Ventas REIT, one of the most significant repeat client relationships for Blueprint, and the buyer was a private investment firm based in Orlando.

Supporting Michael and Ben on this transaction was Ryan Chase, Jacob Gehl, and Chris Hyldahl who have all assisted in establishing that Blueprint has the coverage required to continue to do business with Ventas moving forward.

LEAD ADVISORS
Michael Segal
Managing Director
(312) 300-4137
msegal@blueprintHCRE.com
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com