DONE DEAL:
Premier Property, Proficient Process, Premium Pricing
Premier Property, Proficient Process, Premium Pricing
Blueprint is pleased to announce the successful sale of a Class-A 186-unit Seniors Housing Community located in Richmond, Virginia. The Community, constructed in 1999, houses Independent Living, Assisted Living, and Memory Care services and boasted greater than 96% overall occupancy and revenues in excess of $9.5 million at the time of sale.
The Seller, a known developer/operator in the region, sought a quick and quiet transaction. Blueprint efficiently positioned this premier property to only an exclusive and select segment of the market. The proficient process achieved unprecedented results in terms of proceeds and structure.
The transaction yielded $64,000,000 representing premium pricing of $344,000 per unit.
Tim Cobb and Steve Thomes were lead advisors on the transaction.
LEAD ADVISORS
Steve Thomes