Built in 2000, The Woodmark at Sun City is an attractive private pay senior living community situated in a predominantly residential area of the Salt River Valley. The two-building campus is well maintained and features a market-leading transitional memory care program bridging the assisted living and standalone memory care community for residents with evolving care needs. While occupancy remained relatively stable year-over-year, management successfully capitalized on annual rate increases and improved operational efficiencies to boost overall cash flow. By projecting modest occupancy increases and continual rate increases, Blueprint positioned the offering as a near-stable, value-add opportunity to further bolster Woodmark’s operating revenue and margin.
The Blueprint team effectively showcased the community’s positive performance trends and growth potential generating market interest from a wide spectrum of buyer profiles. With 12 qualified buyers submitting written offers, Blueprint and the seller turned their focus to balancing maximum proceeds with the highest degree of transaction certainty on the tightest timeframe.
The buyer selected is a privately-owned senior living company based in Southern California with recent experience transacting with the seller and a growing presence in the Phoenix area. Blueprint worked closely with the buyer and seller as performance fluctuated during the sale process to effectively close the transaction on the terms and timeline agreed upon between both parties.
Ben Firestone, Michael Segal, Alex Florea, and Amy Sitzman handled the sale.