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Blueprint Healthcare Real Estate Advisors is pleased to announce the closing of a 66-unit / 71-bed Assisted Living & Memory Care Community in Collinsville, Illinois located just outside of St. Louis. The property was built in 2008 and was stabilized at the time of sale. The community sold for $11.6 Million which represented a price of $175,000 per unit.
The seller was an established St. Louis-based seniors housing developer, and the Purchaser was American Realty Capital Healthcare Trust III.
The purchaser retained Cedarhurst Living to continue to operate the community on its behalf.
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