Blueprint facilitated the sale of a CCRC in Grand Rapids, Michigan, on behalf of not-for-profit Samaritas. Following 50 years of providing senior care services, Samaritas has a renewed focus on creating a holistic service experience through four core areas of impact, including child and family services, behavioral health, refugee services and affordable housing.
Having served the Grand Rapids and surrounding communities for over 35 years, Samaritas gradually expanded and renovated the campus since its original construction in 1977, with the most recent introduction of 24 independent living cottages between 2013 and 2015. Additionally, the 40-acre campus consists of 148 independent living apartments, 17 assisted living units, a 60-unit memory care community and a 125-bed skilled nursing and long-term care facility.
Blueprint received multiple competitive offers to acquire the campus, culminating with the ultimate selection of Optalis Healthcare. StoryPoint Group will manage the community, which was formerly known as The Terraces. It will be rebranded as Optalis Health & Rehabilitation of Grand Rapids. Michael Segal, Daniel Waldhorn, Connor Doherty and Ryan Kelly handled the transaction. According to Crain’s Grand Rapids, the purchase price was $14.25 million, or $38,000 per unit.
