Blueprint handled the divestment of an assisted living and memory care portfolio dubbed Project Viking. The portfolio includes multiple well-located communities of newer vintage in Minnesota. Connor Doherty and Ryan Kelly handled the transaction.
The opportunity presented the ability to acquire substantial scale in a state known for its highly regulated and competitive seniors housing environment, plus a recent increased to its Elderly Waiver Medicaid rate reimbursements. It drew significant interest from a range of national and regional buyers, and after a competitive process, the portfolio was acquired by a buyer focused on growth and long-term value creation within the upper Midwest.
