Blueprint Healthcare Real Estate Advisors was engaged by a regional owner/operator to sell a pair of memory care communities in Oklahoma City and Tulsa, Oklahoma. Built in 2015 and 2016, the communities each comprise 54 units and were fully stabilized in 2018 and 2019. Both communities were resilient through the pandemic, and rebounded to near 100% occupancies at the time of marketing in mid-2022.
The seller received multiple offers throughout the transaction process, ultimately going with a Texas-based owner/operator focused on standalone memory care in the region. Blueprint Capital Markets worked on behalf of the buyer to evaluate a targeted list of primarily local and regional banks, as well as some national debt funds. The buyer chose to move forward with an existing bank relationship that was able to offer attractive economics and structural flexibility. Ben Firestone and Alex Florea of Blueprint Healthcare Real Estate Advisors handled the transaction.
