Blueprint was brought on by a publicly traded REIT in its divestment of two assisted living communities located in markets with little competition in Florida, Savannah Court of Bartow and Savannah Court of St. Cloud. Brooks Blackmon and Lauren Nagle of Blueprint handled this transaction
Built in 2000, Savannah Court of Bartow is in Bartow and comprises 36 units. It will be rebranded as The Club at Bartow. Also built in 2000, Savannah Court of St. Cloud is in St. Cloud and consists of 36 units. It will be renamed The Club at St. Cloud. At the time of marketing, the communities were over 90% occupied and operating at ~13% and 32% margins in Bartow and St. Cloud, respectively. The buyer was a regional owner/operator.
