DONE DEAL:
$3.10M to Yuma
Blueprint is pleased to announce the successful sale of a 151-unit assisted living community located in Yuma, Arizona. Blueprint was engaged by a court-appointed receiver, positioning the community as a turnaround opportunity with significant upside potential.

While the community was originally built as a limited service hotel, Blueprint successfully marketed the asset as a value-add seniors housing opportunity. The original owner, a local non-profit, had converted the building to an assisted living community but had little experience in seniors housing operations. The non-profit owner ran into financial trouble and was unable to complete the project.  A court-appointed receiver engaged Blueprint to conduct an auction on behalf of the bondholders, and Blueprint’s structured marketing process included a stalking horse auction. Ultimately, the prevailing bidder was found in a Phoenix-based investor that made its initial venture into the seniors housing space with its acquisition.

The purchase price was $3,100,000.

Jacob Gehl, Amy Sitzman, and Giancarlo Riso were the lead advisors on the transaction.

LEAD ADVISORS
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com
Amy Sitzman
Senior Associate
(310) 893-7188
asitzman@blueprintHCRE.com
Giancarlo Riso
Associate
(310) 893-7184
griso@blueprintHCRE.com