A privately held REIT focused primarily on private pay seniors housing communities throughout the U.S. engaged Blueprint in the sale of its seniors housing community in Bloomfield, Michigan. Michael Segal, Brooks Blackmon, Daniel Waldhorn and Lauren Nagle handled the transaction.
Built in 2001 with significant renovations starting in 2015, the community features 81 independent living units and offers assisted living care services as well as respite stays. It appears to be Comfort Cove Premier Senior Living.
Showcasing operational upside through occupancy improvement and rental rate growth, Blueprint’s process resulted in an attractive offer from a local home health care provider, marking its first seniors housing community acquisition. The buyer secured acquisition financing from a local lender.
