DONE DEAL:
Desert or Dessert?
Desert or Dessert?
Blueprint is pleased to announce the successful sale of Lamplight Inn at Peoria, a 114-unit assisted living community located in Peoria, Arizona. Blueprint conducted an exclusive sales process on behalf of a private ownership group that sought to strategically divest of several non-core assets.
Blueprint’s keen awareness of its prospective purchaser’s tastes in terms of geography and payor mix set the table for a mutually beneficial transaction. The asset was sweetly served up as a value play with significant upside, and the positively-trending occupancy and EBITDAR as the transaction advanced was icing on the cake.
The purchase price was $5,425,000, or approximately $48,000 per unit.
Jacob Gehl and Ben Firestone were the lead advisors on this transaction.
LEAD ADVISORS
Ben Firestone