The assisted living community, Longwood Manor, is located in Maytown and is comprised of 70 units (116 licensed beds). Longwood Manor was originally built in 1999 as an assisted living (personal care) community only and was expanded in 2013 by adding a secure, memory care wing to accommodate residents with Alzheimer’s and dementia care needs.
The CCRC, The Village of Laurel Run, is located in Fayetteville and encompasses a full continuum of care consisting of 13 independent living cottages, 112 independent living, assisted living (personal care), and secure memory care units, as well as 92 skilled nursing beds. The Village of Laurel Run sits on a sprawling campus of greater than 100 acres and was constructed in stages between 1977 and 2014. The revenue model incorporated a blend of entrance fee and rental residents.
Both communities were generating positive cash flow and continued to demonstrate upward-trending performance throughout Blueprint’s confidential marketing process. Blueprint’s depth of relationships enabled it to recognize an emerging partnership between a newly-formed operator entity led by industry veterans and a prominent publicly-traded REIT. The Seller was a private investor group having previously worked with Blueprint’s principals on multiple seniors housing transactions. Jacob Gehl was the lead advisor while Mike Segal and Ben Firestone assisted in managing the transaction.