DONE DEAL:
Stable River Crossings
Blueprint is pleased to announce the successful sale of The Crossings at Riverview, a 92-unit, new construction seniors housing community in lease-up. Blueprint executed the transaction on behalf of a joint-venture partnership between the developer and operator.

The Class-A asset located near Tampa in Riverview, Florida was nearing lease-up completion, having demonstrated its unique offering of an institutional-quality seniors housing community to the market. Looking to capitalize on its position, the collective seller selected Blueprint to confidentially market the community to a small group of motivated buyers.

Shortly after the marketing process began, two new communities opened in the area. Despite the new market conditions, Blueprint procured multiple offers which created a competitive bidding environment. Ultimately, the seller selected a private REIT partnered with a regional operator to purchase the community.

The transaction was handled by Trent Gherardini and Ben Firestone.

LEAD ADVISORS
Trent Gherardini
Senior Associate
(312) 300-4153
trent@blueprintHCRE.com
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com