Camellia State One-Off
Sale of 55-Unit Independent and Assisted living Community in Birmingham, AL
Blueprint judiciously advises and executes on sale of newly built independent living and assisted living community in Alabama
The approximate 55-unit independent and assisted living community is in the Birmingham, Alabama MSA.
The Alabama-based developer purchased the existing assisted living community in 2016 and completed a full renovation as well as the addition of new units. Further, ownership built a new three-story independent living community on site to complement the existing assisted living community.
Blueprint commenced marketing in fall 2020 and positioned the deal as a unique opportunity to acquire a newly built, stabilized asset with rate growth upside.
Blueprint’s strategic and confidential marketing process resulted in a competitive bidding process yielding multiple offers, with Inspired Healthcare Capital prevailing as the winning bidder.
Because of the exceptional operational performance, Inspired Healthcare Capital elected to retain the existing manager to continue operating the community.