Blueprint advises on sale and acquisition financing for 107 unit assisted living and memory care community in Tucson, Arizona
- Opened in May 2018, Sage Desert, now Ranch Estates of Tucson, offers luxury assisted living and memory care services, complete with the full array of amenities expected of a high-end community. After a successful lease-up campaign, Blueprint was retained to market this Class A property on behalf of its owner and developer.
- The selective and confidential marketing process resulted in a premier national owner-operator, Chicago Pacific Founders through its subsidiary, CPF Living Communities (CPF), as a strong prospective acquirer. CPF’s bid was further enhanced given its existing presence in the Tucson market. CPF recognized the opportunity to add a high-quality, well performing asset to their existing regional cluster and was ultimately selected.
- Blueprint’s Capital Markets Group was retained by CPF to pursue a highly targeted process with a select group of balance sheet lenders to complement and support CPF’s simultaneous agency outreach. Ultimately, Blueprint was able to procure multiple attractive quotes and CPF opted to enter into a new lending relationship through a highly attractive, non-recourse mini-perm financing with Truist.
Capital Markets Testimonial
“Alex and the team understood our needs and priorities, identified the right candidates, and articulated our story in a way that led to compelling offers from appealing lending partners.”
– Guy Geller, Chief Operating Officer, CPF Living Communities