Sale of a vacant 55-unit memory care community in Coos Bay, Oregon
Blueprint advises buyer and assists in capital sourcing for vacant memory care community in Oregon
Blueprint represented the buyer in acquiring Baycrest Memory Care, a vacant 55-unit memory care community in Coos Bay, Oregon.
The buyer, a joint venture between a trusted Oregon operator and a capital partner, plans to renovate and open the memory care community within 120 days of transaction completion.
Blueprint assisted the buyer in sourcing the capital needed to acquire, renovate, and lease up the community.
The pragmatic approach employed by Blueprint to anticipate the challenges of this unique transaction resulted in few delays to closing amid turmoil in the capital markets.