Woodmarks the Spot
Sale of 132-unit assisted living and memory care community in Phoenix
Blueprint is pleased to announce the successful sale of The Woodmark at Sun City, a 132-unit assisted living and memory care community located in metro Phoenix. Blueprint executed the transaction on behalf of a publicly traded REIT.
Built in 2000, The Woodmark at Sun City is an attractive private pay senior living community situated in a predominantly residential area of the Salt River Valley.
The two-building campus is well maintained and features a market-leading transitional memory care program bridging the assisted living and standalone memory care community for residents with evolving care needs.
While occupancy remained relatively stable year-over-year, management successfully capitalized on annual rate increases and improved operational efficiencies to boost overall cash flow.
By projecting modest occupancy increases and continual rate increases, Blueprint positioned the offering as a near-stable, value-add opportunity to further bolster Woodmark’s operating revenue and margin.