Blueprint positioned the offering as either a value-add or conversion play, and the competitive bidding process yielded an ultimate purchase price exceeding the original ask. Blueprint not only navigated the unique challenges associated with a non-profit to for-profit transaction, but it also guided both Buyer and Seller expeditiously through the obstacles presented by the City of Aurora in creating a separate division of the property.
The Purchaser, a private developer/operator from the Denver metro area, intends to convert Shalom Village to a 55+ Active Adult Retirement Community with the new name of Villa Esprit. The Purchase Price was $16,125,000 or approximately $155,000 per unit.
Pamela Pyms and Hayden Behnke were the lead advisors on the transaction.