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Blueprint is pleased to announce the successful sale of Sage Lake Senior Living of Covington, an 82-unit assisted living and memory care community located in an affluent northern submarket of the greater New Orleans MSA.
Opened in 2019 and maintained in excellent physical condition, the community stands as one of the newest and highest-quality assets in its competitive set, offering a modern physical plant and a thoughtfully designed layout built to meet evolving resident needs. Owned since inception by a national real estate development and investment firm, the community had achieved 100% spot occupancy at the time of marketing and a trailing twelve-month operating margin of 33.4%, driven by consistent rate growth and strong resident demand.

Blueprint ran a competitive marketing process that generated significant interest from institutional investors and national REITs alike, with prospective buyers drawn to the community's building quality, strong cash flow, favorable surrounding market, and well-respected national operator. Ownership ultimately selected a buyer aligned with the incumbent operator, further strengthening an existing relationship and providing continuity for the community moving forward.

This transaction highlights Blueprint's ability to identify premier institutional capital for best-in-class seniors housing assets and to execute a disciplined process that maximizes value for sellers.

Lake Effect

Blueprint completes sale of Class-A assisted living & memory care community in Covington, Louisiana.

Brooks Blackmon

Lauren Nagle

Harry Porter

Amy Sitzman

Jake Rice

SENIORS HOUSING

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