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The 69-unit community was built in 1999 and features a standalone 36-unit assisted living building and a standalone 33-unit memory care building.
Both communities benefited from their strategic locations near I-35 and I-44, providing convenient accessibility throughout the greater OKC metro area.
With limited local competition and over 23,000 residents aged 75 and over within a 7-mile radius, the community was positioned for success under new ownership.
Blueprint positioned the deal as an opportunity for an incoming regional owner/operator to acquire a well-maintained community in a large metro market at below replacement cost, while implementing expense control measures to stabilize the community’s operating cash flow.
Through its strategic marketing process, Blueprint procured three competitive offers, ultimately advising the Receiver, Mike Flanagan, to move forward with a national real estate investment platform specializing in 1031 exchanges, who partnered with a regional operator to take over management at closing.
Blueprint worked with all stakeholders involved to ensure a successful closing on behalf of the receivership estate.
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