DONE DEAL:
Louisiana AL & MC Portfolio
Blueprint is pleased to announce the successful sale of Live Oak Village of Hammond and Live Oak Village of Slidell, a portfolio of two assisted living and memory care communities each located about 20 minutes north of New Orleans across Lake Ponchartrain. Purpose-built as Sunrise Senior Living developments in 1999 and 2000, Live Oak Village of Slidell and Live Oak Village of Hammond are comprised of 50 and 44 units, respectively.

At the time of sale, the portfolio represented approximately $3.8 Million in top line revenue and approximately $540k in operating income. While the Hammond community was fully stabilized (with expansion potential) and generating an operating margin of approximately 24%, the memory care wing at the Slidell community remained in the fill-up stage and was positioned as a value-add play. Blueprint was able to effectively create a competitive bidding environment to maximize value. The offering was positioned by Blueprint as having the winning combination of in-place cash flow and substantial operational upside for an investor hit target investment returns.

The Seller was a private equity firm based on the east coast, and the buyer ultimately selected was a joint venture comprised of a Real Estate Investment Trust (REIT) that exclusively invests in healthcare and a regional operator based in Florida.

Ben Firestone and Michael Segal were the lead advisors on the transaction.

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