Opened in 2016 and 2019, the communities offered 284 units of contemporary, well-amenitized independent living, assisted living, and memory care in highly affluent, growing, and high barrier to entry sub-markets.

Given the strong in-place cash flow, meaningful opportunity for continued rate growth, and financing optionality from assumable Agency debt, Blueprint ran an aggressive marketing campaign across a wide cross-section of the best-capitalized investors and owner-operators.

Through a comprehensive, multi-round marketing effort, Blueprint received 10+ offers spanning REITs, Private Equity, Alternate Investors, and Owner/Operators.

Ultimately, the seller elected to move forward with a buyer group comprised of a blue chip national Private Equity investor and highly esteemed west-coast based owner/operator.

The transaction closed collaboratively through the assumption of one agency loan, one bank-refinancing, and the Oregon licensure process.