Blueprint was engaged by a public REIT in the divestment of a seniors housing portfolio in Wisconsin. The portfolio, clustered in the Milwaukee and the Green Bay MSAs, consists of 12 communities across nine campuses totaling 279 units of assisted living and memory care. Although underperforming at the time of marketing, the portfolio was historically well-occupied and cash-flowing.
In a targeted and off-market process, Blueprint identified Adava Care, an entrepreneurial owner/operator with an existing footprint in the Milwaukee MSA, as the buyer. Adava is eager to grow its portfolio and capitalize on the economies of scale this portfolio offers. Kyle Hallion, Lauren Nagle and Brooks Blackmon handled the transaction.
