DONE DEAL:
Passing The Baton … Rouge
Blueprint is pleased to announce the successful sale of Oakwood Village, a 77-unit, all private pay community offering independent living, assisted living, and memory care.

Blueprint executed a strategic and confidential sales process on behalf of the seller, a regional owner-operator seeking to divest of their only seniors housing asset. Blueprint procured several qualified offers from both owner-operators and healthcare real estate investors interested in the asset’s stabilized operational performance.

The buyer was a subsidiary of Florida-based specialty insurer Fortegra Financial Corporation, an affiliate of Tiptree Financial Inc. (NASDAQ: TIPT). New York City-based Care Investment Trust LLC will serve as asset manager. The operator/lessee has engaged Traditions Senior Management of Clearwater, Florida, to provide management services. The purchase price was $11.5 million. Traditions successfully manages several other communities in Louisiana and the addition of Oakwood will further enhance their presence in the market.

Jacob Gehl was the lead Blueprint advisor on the transaction, and he was supported by Michael Segal. Clint Parker and Jeremy Joiner from Brown Gibbons Lang & Company Real Estate Partners assisted in this transaction.

LEAD ADVISORS
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com