DONE DEAL:
Mozart’s No. 5
Blueprint is pleased to announce the successful sale of Maple Heights Retirement Community, a 145-unit independent living community located in metro Detroit. Blueprint was tasked with maximizing value through a market process on behalf of our client, a real estate private equity investor.

Maple Heights is the only independent living provider located in Allen Park, Michigan. The mid-rise property has held its strong reputation and deep ties to the local community since the 1970s. Blueprint positioned its offering as an asset with a proud history of consistent occupancy exceeding 90% and a stabilized track record of financial performance operating at a margin of approximately 35%. Blueprint attracted prospects to Maple Heights by boasting such stability while suggesting the investment opportunity held further upside in revenue growth through sustainable rate increases.

Blueprint’s strategy entailed approaching a select group of qualified investors not limited to those that focus on acquiring private pay seniors housing communities, and the marketing campaign successfully yielded a highly competitive bidding environment from a variety of investor profiles.

Mozart Healthcare, a rapidly growing investor in seniors housing, previously known by Blueprint to have a knack for acquiring and managing skilled nursing facilities, emerged as the ultimate purchaser. Blueprint proactively navigated several obstacles during the transaction process to structure a beneficial outcome for all parties involved.

This was Mozart’s fifth acquisition.

The transaction was handled by Ben Firestone and Michael Segal.

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