Blueprint recently facilitated the sale of a 37-unit assisted living and memory care community in Atlanta, Georgia, within a submarket of the city. Leveraging their expertise from a previous successful sale in 2023, Blueprint advised the client to choose a repeat buyer known for their execution certainty. The transaction closed on time and at the agreed-upon price.
In another deal, Blueprint was engaged by a national developer and investor to sell a Class A assisted living and memory care community in West Palm Beach, Florida. Despite the community not stabilizing since its opening in 2019, positive momentum was observed in 2022 and 2023. The owner decided to sell the community to de-lever and preserve liquidity in the fund. A trusted repeat counterparty, Capital Senior Ventures, was chosen as the buyer.
Meanwhile, banking company BWE secured $46 million in permanent financing for the Westmont of Cypress, a newly constructed 129-unit independent living, assisted living, and memory care property in Cypress, California. Ryan Stoll, BWE’s national director of seniors housing and care, emphasized the importance of aligning financing strategies with client’s investment goals.
Evans Senior Investments facilitated the sale of Country Meadow Place in Iowa, a 56-unit assisted living and memory care community, for $13 million. The property, which has maintained full occupancy for the past 13 months, was sold to the existing operator.
Lloyd Jones, a real estate investment firm, acquired Brightview Baldwin Park in Staunton, Virginia, a 136-unit assisted living, independent living, and memory care community formerly owned by Brightview Senior Living. The community has been rebranded as Aviva Baldwin Park under Lloyd Jones’ Aviva brand, with plans for $3.1 million in capital renovations.
