DONE DEAL:
Moving Mountains
Blueprint is pleased to announce the successful sale of Courtyard at Mt. Tabor, a 286-unit seniors housing community offering independent living, assisted living, and memory care located in Portland, Oregon. The sale represents the largest single-asset seniors housing transaction in the state to date.

The original owners and developers of the campus elected to sell the property after twenty-five years of ownership and engaged Blueprint’s Pacific Northwest veteran, Dan Mahoney, to lead the disposition.

Blueprint conducted a confidential and targeted marketing process by utilizing its deep understanding of active national and regional players. The process led to securing a well-capitalized REIT investor as the buyer. The REIT acquired the property and entered into a new management agreement with the current operator. The result was a successful outcome for all parties, including a smooth ownership transition without any disruption to operations.

The purchase price was $92 million or approximately $322,000 per unit and represented a return of 6.40% based on trailing EBITDAR.

The transaction was handled by Mahoney, Jacob Gehl, and Blake Bozett.

LEAD ADVISORS
Dan Mahoney
Managing Director
(503) 765-9348
dmahoney@blueprintHCRE.com
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com
Blake Bozett
Associate
(503) 765-9338
bbozett@blueprintHCRE.com