Blueprint Healthcare Real Estate Advisors helped Invesque exit its entire Royal Senior Care portfolio. That included the sale of two properties and transition of the other four properties to another existing operating partner.
One of the sold properties was a 60-unit assisted living/memory care community in Eatonton, Georgia. Built in 2014 with 42 AL and 18 MC units, this community was originally purchased by Care Investment Trust for $15.5 million, which was then taken over by Invesque. Royal also owned a 35% interest in the property and is acquiring the remaining interest for an undisclosed price. The other property was located in Florida and sold to a third party.
The four properties under new management are located in South Carolina, and with that transition, Royal’s relationship with Invesque was concluded. Alex Florea, Brooks Blackmon and Trent Gherardini of Blueprint facilitated the transactions, which closed in May.
