DONE DEAL:
Affordable Is the New Gold Standard
Blueprint is pleased to announce the successful sale of Gold Choice Ormond Beach and Gold Choice Deltona, two seniors housing communities located in Central Florida. Blueprint executed the transaction on behalf of a private owner-operator.

The opportunity was comprised of the recently renovated Ormond Beach property and ground-up development in Deltona. The operator had utilized the affordable model by leveraging Florida’s robust Managed Medicaid program, resulting in stabilization in well under a year. The model also yielded above average operating margins for seniors housing communities.

Blueprint effectively demonstrated the unique affordable model Gold Choice employed, along with the upside in expanding the Ormond Beach community by an additional 22 units. The selected buyer was a private ownership group that retained the current operations team.

The offering sold for $20 million or $204,000 per unit. Trent Gherardini, who specializes in Florida transactions, led the deal.

LEAD ADVISORS
Trent Gherardini
Senior Associate
(312) 300-4153
trent@blueprintHCRE.com