After representing LTC Properties in its five-phase sale of a 2,500-bed skilled nursing portfolio, Blueprint Healthcare Real Estate Advisors went back to the well, handling LTC Properties and Senior Lifestyle Corp.’s sale of two large seniors housing campuses in Arizona. The deal closed on April 21, with Humair Sabir, Amy Sitzman and Jacob Gehl leading the way.
One campus is located in Peoria (northeast of Phoenix) and features approximately 430 units in a prime location near regional medical centers. The other campus is in Yuma and totals about 150 assisted living and memory care units. Both properties could use some capital improvements, offering an opportunity to add value to the incoming owner.
That buyer was a privately held company based in the Midwest, which hired Minnesota-based The Goodman Group to operate.