Originally constructed in 1906 and converted to seniors housing in 1997, Hamilton Heights is a beautiful, fully-rehabbed community situated on a large urban infill site surrounded by a growing seniors population

The community was included as part of a larger portfolio acquisition of Northeast seniors housing assets, which the seller ultimately acquired from a REIT in 2021

Identified as a geographic outlier, the seller approached Blueprint in the Fall of 2021 to better understand market appetite and go-to-market strategies in order to sell the community shortly after they assumed ownership

In order to capitalize on pre-covid pricing trends and capital market tailwinds, seller decided to take the property to market in November 2021

Blueprint conducted a highly competitive marketing process and solicited initial bids from nine (9) prospective buyers within the first month of marketing

The selected acquirer was Lloyd Jones Senior Living, who was aiming to expand their Northeast operating footprint