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Heritage Place Senior Living
Sale of 159-Unit Independent Living Community located in Memphis, Tennessee
Blueprint is pleased to announce the successful closing of Heritage Place Senior Living, a 159-Unit Independent Living Community located in Memphis, Tennessee. The transaction entailed an all-cash closing for a price of $1,000,000 as the property was sold vacant.
Michael Segal and Ben Firestone listed the property and cooperated with an outside broker whom they trust to procure the buyer.
The buyer's plan is to use community reinvestment dollars and tax credits to re-open and stabilize the property.
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