Owned and operated by industry-leading Atlas Senior Living (“Atlas”), Legacy Reserve at Fritz Farm, a 167-unit community, opened in 2017 and comprises 114 independent living, 38 assisted living, and 15 memory care units

Representing Atlas’ first disposition in their nearly 10-year history, Blueprint worked closely with ownership to determine the appropriate strategy and timing to take the asset to market

Blueprint embarked on a marketing campaign in the fall of 2022 targeting a wide range of investors, highlighting the community’s exceptional performance as well as highly attractive, assumable agency loan

The community was fully stabilized during marketing and at the time of close boasting 98%+ occupancy and mid-30% margins

Following a successful marketing process, Blueprint procured 6 competitive offers from qualified private and public institutional and family office investors

KIRCO, a nationally recognized full-service corporate real estate and investment company based in Troy, Michigan, emerged as the winning bidder and entered into a joint-venture agreement with Atlas who will continue to manage the community