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Rogue 7 - A Sales Story

Sale of a 105-unit memory care portfolio in Oregon
Blueprint’s team approach unlocks value by sourcing creative buyer and lender solutions
Blueprint successfully completed the sale of a memory care portfolio in Oregon. Built between 1999 and 2014, the portfolio consisted of seven 15-unit buildings located in secondary markets along the I-5 Interstate.

While historically operating near stabilized levels generating gross revenue of $6,000,000, performance declined in late 2021 during the COVID-19 pandemic. Occupancy at closing was approximately 85%.

The sale concludes a long-term strategic consulting relationship with the Sellers as they exit the industry for retirement.

Blueprint’s competitive process generated several offers. The selected buyer is a strong regional operator with a focus on serving memory care residents.

The buyer intends to invest in operational systems to drive performance and collaboration to stabilized performance.

Blueprint Capital Markets leveraged its market knowledge to source a national bank with deep experience in Oregon and demonstrated expertise in complex HUD memory care financings. With HUD eligibility vetted, the bank provided attractive bridge financing to close the acquisition with the intent to refinance the portfolio through HUD as a scattered site financing.

The purchase price was $15,875,000 or roughly $178,000 a unit.

Dan Mahoney

Alex Florea