Three late-1990s-era assisted living communities sold in Indiana with the help of Connor Doherty, Ryan Kelly, Amy Sitzman and Giancarlo Riso of Blueprint. Located in Elkhart, Kokomo and Madison, the communities historically struggled operationally and were on the smaller side, with approximately 40 units at each property. Based on their size and locations, these appear to be Enlivant-owned and operated communities.
Blueprint approached qualified buyers in the region and generated multiple competitive offers for the portfolio. The selected buyer, a private investor based in Chicago, plans to reposition the assets by utilizing the Indiana Assisted Living Waiver Program, which recently benefited from a significant rate boost in July 2023. Blueprint also connected the buyer to two separate operators to take over operations. Two separate banks also helped finance the acquisition.
