Blueprint Healthcare Real Estate Advisors recently closed on a portfolio of two Class-A seniors housing communities in Georgia and Florida, owned and developed by Atlanta-based Aspire Development Partners and managed by The Arbor Company. Located in Canton, Georgia, The Arbor at BridgeMill consists of 206 units and opened in 2018. The Lakeside at Amelia Island in Fernandina, Florida has 187 units and opened in two phases between 2018 and early 2019. The buyer and sales price were not disclosed.
Aspire originally engaged Blueprint in the fall of 2020 to evaluate strategic options and, after a brief marketing process, decided to delay the offering as M&A markets improved. As many of us witnessed, the markets got pretty frothy in 2021, especially at the end, and the seller decided to enter the fray while touting their properties’ solid performance throughout the pandemic. With Blueprint’s guidance, the seller finally approached potential buyers this year, highlighting the portfolio’s exceptional performance during the COVID-19 pandemic.
