Blueprint facilitated the sale of a standalone memory care community in a part of Colorado with limited local competition and affluent wealth demographics. Built in 2016, the community comprises 50 private studio apartments with in-unit bathrooms in Grand Junction. At the time of marketing, it had demonstrated strong upward trending performance with occupancy approaching 84%, allowing an incoming owner/operator to continue the positive momentum and capitalize on future rate growth and expense efficiencies once stabilized.
Amy Sitzman, Scott Frazier and Giancarlo Riso handled the transaction. Blueprint targeted regional and national memory care-specific owners and operators, which yielded multiple competitive offers. Ultimately, the firm advised the seller to move forward with a group that was open to a creative deal structure. The transaction closed just 45 days after executing the PSA.
