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Blueprint, a leading brokerage firm, is thrilled to announce the successful sale of two assisted living and memory care communities in Michigan City and Merrillville, Indiana totaling 119 units combined. The package was uniquely positioned as a value-add opportunity for an incoming buyer to capitalize on strong pre-pandemic financial performance along with substantial Medicaid Waiver reimbursement rate enhancements that were passed in July of 2023
Through strategic networking and relationships with qualified purchasers, Blueprint secured multiple competitive offers capitalizing on in-place market conditions for the seller. The selected buyer plans to fully reposition the communities as premier affordable options in their respective markets, utilizing the aforementioned Indiana Assisted Living Waiver Program
Blueprint collaborated with various stakeholders including the buyer, seller, incoming operator, and banks to ensure a smooth transition of operations. This is the second transaction completed by buyer & seller in the last five months with Blueprint brokering both sales
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