DONE DEAL:
Regional Developer CAPITALIZED
Regional Developer CAPITALIZED
Blueprint Healthcare Real Estate Advisors is pleased to announce the closing of a 66-unit / 71-bed Assisted Living & Memory Care Community in Collinsville, Illinois located just outside of St. Louis. The property was built in 2008 and was stabilized at the time of sale. The community sold for $11.6 Million which represented a price of $175,000 per unit.
The seller was an established St. Louis-based seniors housing developer, and the Purchaser was American Realty Capital Healthcare Trust III. The purchaser retained Cedarhurst Living to continue to operate the community on its behalf.
Blueprint structured the deal expeditiously having the utmost confidence in the known investor’s ability to perform. Blueprint was not only able to maximize value on behalf of the seller but also was able to structure a transaction in which its client’s growing operating platform retained management moving forward.
Ben Firestone and Mario Wilson handled transaction.
LEAD ADVISORS
Ben Firestone
