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A Grande Dune Deal

Sale of luxury seniors housing community in Myrtle Beach, South Carolina
Blueprint advises on sale of Class A seniors housing community and orchestrates flawless sale process
Owned and developed by LIV Development, Portside at Grande Dunes is a 265-unit community opened in two phases starting with 83 assisted living and 32 memory care units in January 2019 followed by phase 2 which included 134 units of independent living and 16 independent cottages in August 2020

While the community is still in lease-up, Blueprint advised ownership that the rapid leasing trajectory and operational performance would ultimately garner strong interest from a wide variety of potential buyers

Heeding Blueprint’s guidance, the seller elected to launch in January 2022

Blueprint marketed to a wide range of investors and created a highly competitive bidding environment ultimately securing seven written offers

Chicago Pacific Founders Living Communities (“CPF Living”) emerged as the winning bidder and will utilize CPF Living affiliate Grace Management to operate the community



About LIV Development

LIV, a leading multifamily developer, delivers a higher return on life through the development and operation of luxury Class A communities across the United States. From concept to completion, LIV intentionally designs its properties with residents in mind, creating beautiful and innovative spaces that foster community.

Livano, LIV’s proprietary brand, connects residents with an unmatched, quality lifestyle that propels them to live richer, deeper and fuller lives. Founded in 2006, LIV has developed more than 23,000 units with a total combined market capitalization of $7.5 billion. Headquartered in Birmingham, Alabama, LIV has regional offices in Charlotte, Dallas, and Tampa.

Brooks Blackmon

Steve Thomes