Portfolio Sale of Five Assisted Living and Memory Care Communities in Florida
Blueprint is pleased to announce the successful sale of a portfolio of five assisted living and memory care communities in Central Florida.
The portfolio, a regional cluster of five properties located within three hours of one another, were owned by a publicly-traded REIT and were operated by a reputable national operator with a larger presence in the state.
Throughout the transaction the portfolio’s census remained relatively stable, however some communities were operating at a deficit.
Blueprint conducted an exclusive sales process by confidentially approaching a limited group of qualified purchasers seeking to create or expand upon their regional footprint in the state of Florida.
Positioned as a value-add opportunity, Blueprint effectively demonstrated the potential upside in occupancy and operational efficiencies which created significant interest in the offering.