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Mozart's No. 5
Sale of 145-unit independent living community in Detroit
Blueprint is pleased to announce the successful sale of Maple Heights Retirement Community, a 145-unit independent living community located in metro Detroit. Blueprint was tasked with maximizing value through a market process on behalf of our client, a real estate private equity investor.
Maple Heights is the only independent living provider located in Allen Park, Michigan.
The mid-rise property has held its strong reputation and deep ties to the local community since the 1970s.
Blueprint positioned its offering as an asset with a proud history of consistent occupancy exceeding 90% and a stabilized track record of financial performance operating at a margin of approximately 35%. Blueprint attracted prospects to Maple Heights by boasting such stability while suggesting the investment opportunity held further upside in revenue growth through sustainable rate increases.
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