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“We enjoyed working with Blueprint on this important transaction for us. They were able to facilitate a solution for us that was a win-win for all parties”
Kevin Maddron | President of Healthcare Services for Foundry Commercial.
Blueprint was engaged to represent a joint venture between Foundry Commercial and an institutional investor for the disposition of two seniors housing communities in North Carolina.

Through a targeted marketing process, Blueprint procured multiple offers from qualified buyers. During the buyer vetting process, it became clear that one of the bidders, National Health Investors, Inc (“NHI”), was interested in pursuing a larger transaction and relationship.

Seller and Blueprint permitted NHI to review the JV’s remaining eight owned assets in North Carolina. Following NHI’s analysis, a deal was struck that allowed the manager, Spring Arbor Living, to retain operations under a new 15-year master lease with NHI.

The portfolio saw incredible operational growth following the seller’s original acquisition of this portfolio, ultimately realizing their turnaround business plan with near stable operations at the time of close.

Through an updated strategy and careful consideration, what started as two communities totaling 121 units turned into ten communities totaling 522 units of assisted living and memory care for a purchase price of $121,000,000.

SENIORS HOUSING

Two Plus Eight in the Tarheel State

Blueprint completes successful sale of ten-asset North Carolina seniors housing portfolio.

Ben Firestone

Kyle Hallion

Brooks Blackmon

Lauren Nagle

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