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The asset is located in the densely populated and growing St. Petersburg submarket and offered 57 units of both Assisted Living and Memory Care
Originally constructed in the 1960s, the community was positioned as one of the leading value-add providers and benefited from ~$500K of recent capital improvements
Blueprint conducted a targeted marketing campaign, focusing exclusively on regional and local seniors housing operators and investors attracted to turnaround opportunities
Following the initial marketing campaign, Blueprint selected a local owner and operator looking to grow their seniors housing footprint in the Tampa area, and worked extensively with all parties throughout the closing process
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