Sale of 3 Class A active adult communities in Oklahoma City | Blueprint advises on sale of active adult portfolio and orchestrates flawless sale process
“With over twenty years in my capacity and many closed transactions, working with Blueprint was a blessing. Without their vast experience, commitment and perseverance, this transaction would not have been consummated.
Their depth of knowledge and relationships significantly enhanced our outcome and far exceeded our expectations of a broker. Congratulations to the Blueprint team, I am looking forward to partnering with them again soon.”
Ron D. Harris, Principal | CFO-PARTNER
Owned and developed by Oklahoma City-based Walters Construction Company, the “Thunder Portfolio” included three fully stabilized communities surrounding the Oklahoma City metro area in Moore, Mustang, and Edmond.
The portfolio, constructed in phases between 2010 and 2021, contains 350 total units, including a newly constructed 35-unit component on the Moore campus providing the acquirer an opportunity to realize a significant increase in EBITDAR.
The Portfolio maintained stable occupancy and cash flows throughout the COVID-19 pandemic. Operations continued to strengthen during marketing and throughout the transaction. At the time of sale, all communities, except for the new component in Moore, were completely occupied.
Following a successful marketing process, Blueprint procured multiple qualified offers from both seniors/active adult buyers as well as multi-family focused buyers.