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Louisiana AL & MC Portfolio

Portfolio sale of two assisted living and memory care communities north of New Orleans

Blueprint is pleased to announce the successful sale of Live Oak Village of Hammond and Live Oak Village of Slidell, a portfolio of two assisted living and memory care communities each located about 20 minutes north of New Orleans across Lake Ponchartrain. Purpose-built as Sunrise Senior Living developments in 1999 and 2000, Live Oak Village of Slidell and Live Oak Village of Hammond are comprised of 50 and 44 units, respectively.

At the time of sale, the portfolio represented approximately $3.8 Million in top line revenue and approximately $540k in operating income.

While the Hammond community was fully stabilized (with expansion potential) and generating an operating margin of approximately 24%, the memory care wing at the Slidell community remained in the fill-up stage and was positioned as a value-add play.

Blueprint was able to effectively create a competitive bidding environment to maximize value.

The offering was positioned by Blueprint as having the winning combination of in-place cash flow and substantial operational upside for an investor hit target investment returns

Michael Segal

Ben Firestone