Sale of 85-unit assisted living and memory care community in Alabama
Blueprint is pleased to announce the successful sale of Meadowood Retirement Village, an 85-unit assisted living and memory care community located in Glencoe, Alabama.
Blueprint conducted a confidential marketing process on behalf of an owner looking to sell its only seniors housing asset.
Meadowood Retirement Village was built in 1984 and underwent a memory care expansion in 2012.
During its highly-focused marketing process, Blueprint procured a publicly-traded REIT as the buyer given its ties to a prominent operator in the region.
The Meadowood acquisition allows the incoming operator to unlock significant upside by way of synergies with its higher acuity healthcare facility in the local market.