Opened in 2021, the high-rise community offers 190 units of Independent Living, Assisted Living, and Memory Care as well as a suite of indoor and outdoor amenity spaces. Despite the modern physical plant and desirable sub-market, the community was not stabilized at the time of sale.

Blueprint focused its marketing efforts on a subset of experienced and well capitalized investors, owner/operators, and REITs who would provide an optimal blend of pricing and execution certainty.

Through a comprehensive process, Blueprint received multiple all-cash offers from a diverse set of bidders across the institutional investor spectrum.

Ultimately, the seller transacted with a buyer group consisting of a top-tier national investor and a growing owner/operator with an existing Class A presence in Philadelphia.

This buyer group closed timely and at the agreed upon price after a quick and collaborative process.