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Small Town Up-And-Down
Sale of a four property assisted living and memory care portfolio in Indiana and Iowa
Blueprint is pleased to announce the successful sale of a four property assisted living and memory care portfolio in Indiana and Iowa. Blueprint conducted an exclusive sales process on behalf of a publicly traded REIT and a national operator that sought a strategic exit of the operations and the assets.
The portfolio consisted of four senior living communities (three in Indiana and one in Iowa) with unit capacities ranging between 35 and 62 total units and constructed in the late 1990s.
Each property’s resident population was nearly all private pay and experienced varying levels of occupancy challenges.
Blueprint set forth a bespoke marketing plan that targeted operators seeking growth in secondary and tertiary markets and value-add opportunities.
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