Grandpa Told Me So
Sale of Class-A, new construction assisted living and memory care community in Texas
Blueprint is pleased to announce the successful sale of a Class-A, new construction assisted living and memory care community located in Texas. Blueprint created a competitive bidding environment for the property while it remained in lease-up.
Blueprint strategically tackled the challenge of maximizing value for the seller by sourcing investors willing to assume lease-up risk.
Leveraging the demographics in the rapidly growing submarket and the state-of-the-art community, Blueprint procured the right buyer in a partnership of an opportunistic investor and a prominent operator that had an existing relationship.
Blueprint selected the buyer given its unique investment strategy and capitalization dedicated to the seniors housing space.
The seller was a partnership between a prominent regional developer and a local entrepreneur.