A publicly traded REIT divested a portfolio of three seniors housing communities in Alabama, hiring Brooks Blackmon and Kyle Hallion of Blueprint Healthcare Real Estate Advisors to handle the sale. Originally built in 1999 and 2000, the three communities feature 202 assisted living and memory care units. They are located across Alabama’s three largest metropolitan areas and attracted interest from several potential buyers in the Southeast. Texas-based Proveer Senior Living ended up as the purchaser, paying an undisclosed price to grow its existing footprint in Alabama. Proveer will undertake significant capital projects across the communities.
