Brooks Blackmon of Blueprint Healthcare Real Estate Advisors used his Southeast expertise to sell a portfolio of four boutique assisted living communities in Alabama. The small communities, which were all built in the late-1990s, were deemed to be non-core by the skilled nursing-focused owner/operator. In addition, they were operating around breakeven and offered a value-add opportunity to a new owner.
After confidentially approaching three groups that showed interest, Mr. Blackmon secured the buyer, an Alabama-based owner looking to grow its presence in the state.
