Originally built in 2008, the community underwent an expansion in 2012 to keep up with the demand of the local market. Consisting of 54 independent living, 48 assisted living, and 16 memory care units, the community was 99% occupied and maintained perennially high operating margins.
Conducting a targeted and confidential marketing process, Blueprint positioned the community as an opportunity for an investor to purchase the newest and most well-appointed seniors housing community in the market as well as partner with the successful existing operator, Arrow Senior Living. The process resulted in multiple qualified offers with a Florida-based private equity company emerging as the acquirer. The purchaser assumed an existing agency loan as a component of the transaction.
The transaction was led by Brooks Blackmon and Ben Firestone.