Built by a local real estate developer in 2015, the community was comprised of nine 10-unit buildings overlooking a central courtyard. The state-of-the-art property was the developer’s first venture into seniors housing and remained in lease-up at the time of sale. The seller recognized the need bring in an experienced operator, and Blueprint was engaged for its expertise in lease-up transactions as well as its regional market knowledge.
Blueprint’s marketing strategy focused on the community’s upside potential and targeted prospective buyers looking to expand in the region. Ultimately, Blueprint identified MBK Senior Living, a large owner-operator based in Southern California looking to expand its footprint in Arizona.
The transaction was led by Jacob Gehl, Amy Sitzman, and Giancarlo Riso.