Blueprint Sets Forth Shrinking to Grow Strategy
Sale of 97-unit Assisted & Independent Living Community in Kentucky
Blueprint is pleased to announce the successful sale of Baptist Towers, a 97-unit Assisted & Independent Living Community located in Covington, Kentucky. The Seller was a faith-based non-profit organization seeking to deploy its capital into a new seniors housing development project.
Blueprint's solutions-based approach broadened its client search from the one specific deal structure it previously sought out from the marketplace.
Blueprint set forth a strategic marketing campaign procuring a high net-worth real estate investor with a local presence in both multifamily and seniors housing.
The Buyer demonstrated an entrepreneurial vision for a strategic turnaround of the subject community. The purchase price was $3,100,000.