Just two years after acquiring a 114-unit assisted living/memory care community in Peoria, Arizona (Phoenix MSA), Platinum Health Care decided to sell, more than doubling its value in the process. Back in February 2014, the Skokie, Illinois-based owner/operator bought the 30-year old community when it was just 64% occupied, and losing money to boot. But pro forma revenues and EBITDA, assuming 83% occupancy, were projected to grow to $2.6 million (from $1.8 million) and $625,000, respectively. Currently, the occupancy is at 77% and EBITDA is postive (though not $625,000), but both are trending upwards. Now, looking to strategically divest some non-core assets, Platinum decided to sell the property. The purchase price was $5.4 million, or about $48,000 per unit, a 147% increase in just two years. Jacob Gehl and Ben Firestone of Blueprint Healthcare Real Estate Advisors handled the transaction.