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The Ridge at Grandeview is an 80-unit assisted living and memory care community in Birmingham, Alabama’s affluent southeastern corridor—an established, high-barrier submarket supported by accelerating 75+ and 85+ population growth, strong adult-child income profiles, and average home values approaching $500,000 within five miles.
The community was fully repositioned through a $5.0 million comprehensive renovation, transforming a former facility into a modern, institutional-quality AL/MC asset that presents and operates as effectively new construction.
At the time of marketing, the asset was demonstrating clear operational momentum, with upward trending occupancy and NOI margins approaching 20%, providing investors strong in-place performance with a clear path to stabilization and upside.
Blueprint executed a highly competitive 30-day marketing process, culminating in a best-and-final round that drove meaningful institutional demand. The transaction was ultimately awarded to a public REIT with a longstanding Blueprint relationship and closed on schedule, with Blueprint working closely alongside all parties to ensure a seamless and on-time execution.
Blueprint continues to be the advisor of choice for owners seeking to convert operational execution into institutional liquidity through disciplined processes, deep capital relationships, and proven certainty of close.
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