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Located in Grand Rapids suburb of Kentwood, Michigan, Azpira Place of Breton is a private pay community comprised of 67 assisted living and 12 memory care units
Built in 2001, ownership acquired the property as part of a larger portfolio expanding its platform across the Midwest. Shortly thereafter, a substantial interior renovation initiative was completed in 2018-2019
Representing management’s only location in the state, the seller made the decision to exit the market and engage Blueprint to facilitate the sale process
Blueprint’s marketing efforts showcased a unique opportunity to boost occupancy through a revamped operational strategy introducing Medicaid eligible residents, targeting in-state and out-of-state investors familiar with the waiver program and an existing presence in western Michigan
Multiple offers were received through competitive rounds of bidding, and Cardinal Senior Management, a regionally focused buyer based in Grand Rapids was chosen to acquire the community. Blueprint worked collaboratively with the buyer and exiting operator to execute the transaction and facilitate a seamless management transition
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