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Blueprint was engaged by a publicly traded REIT to facilitate the sale of an assisted living and memory care community in Wisconsin as it completed the wind down of its relationship with the outgoing operator.
Located in West Allis just outside of Milwaukee, the 1960s vintage mid-rise community consisted of 116 total units offering affordable care options for residents. Historically cash-flow positive prior to the pandemic, the community since encountered some operational challenges, creating the opportunity for an incoming buyer to restore former luster to the community.
Blueprint positioned the community as a unique opportunity to acquire a once stabilized operation in a growing and desirable suburb of Milwaukee at a significant discount to replacement cost. Leaving no stone unturned in the marketing process, Blueprint canvassed the market of local, regional, and national investors, with a growing national provider selected as the buyer and incoming operator.
Blueprint and the seller’s perseverance successfully culminated in the long-awaited closing, and the community has since been repositioned and rebranded by new ownership.
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