Blueprint advises on sale and acquisition financing for 107 unit assisted living and memory care community in Tucson, Arizona
Opened in May 2018, Sage Desert, now Ranch Estates of Tucson, offers luxury assisted living and memory care services, complete with the full array of amenities expected of a high-end community. After a successful lease-up campaign, Blueprint was retained to market this Class A property on behalf of its owner and developer.
The selective and confidential marketing process resulted in a premier national owner-operator, Chicago Pacific Founders through its subsidiary, CPF Living Communities (CPF), as a strong prospective acquirer. CPF’s bid was further enhanced given its existing presence in the Tucson market. CPF recognized the opportunity to add a high-quality, well performing asset to their existing regional cluster and was ultimately selected.
Blueprint’s Capital Markets Group was retained by CPF to pursue a highly targeted process with a select group of balance sheet lenders to complement and support CPF’s simultaneous agency outreach. Ultimately, Blueprint was able to procure multiple attractive quotes and CPF opted to enter into a new lending relationship through a highly attractive, non-recourse mini-perm financing with Truist.
Capital Markets Testimonial
“Alex and the team understood our needs and priorities, identified the right candidates, and articulated our story in a way that led to compelling offers from appealing lending partners.”
– Guy Geller, Chief Operating Officer, CPF Living Communities