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A national developer/investor engaged Blueprint to maximize value on the sale of a Class A Assisted Living and Memory Care community located in the broader West Palm Beach market
Opened in 2019, the community offered 110+ units of Assisted Living and Memory Care across a variety of unit types catering to a broad range of price points. While the community never stabilized, it did experience positive momentum in 2022 and early 2023 and was around breakeven at launch despite supply pressure in the submarket

As part of a broader portfolio review, the ownership group decided to pursue a strategic sale of the community to de-lever and conserve liquidity within the fund that held this community

Given the nuances and competitive dynamics of the SE Florida market, Blueprint targeted operators and investors with existing exposure in the state and emphasized the attractive basis, consistent performance improvement trend at the community, and the opportunity to further drive performance by transitioning to an operator with SE Florida expertise

Through a comprehensive marketing effort, Blueprint received an array of offers from both regional and national owner-operators, regionally-focused investors, and national Private Equity investors. Ultimately the seller elected to prioritize execution certainty and elected to move forward with a trusted repeat counter-party in Capital Senior Ventures (“CSV”)

Seller, Blueprint, and CSV worked hand-in-hand to successfully close the transaction on time and at the agreed-upon price


Know Your (Lake) Worth

Blueprint advises national investor on the sale of a value-add, newer vintage, Class A community in the West Palm Beach metro area

Alex Florea

Kyle Hallion

Kory Buzin

Brooks Blackmon

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