Blueprint Healthcare Real Estate Advisors has successfully completed its second Indiana-based transaction in July alone. The deal involved a late 1990s-built assisted living community located in South Bend that saw its operations decline during the pandemic. Its national owner/operator wished to focus on other assets and slotted the struggling community for sale. The winning bidder was a new relationship between a well-capitalized private owner and a new operator seeking to establish a market presence with its first deal. They plan to reposition the asset as an affordable option in the South Bend MSA by utilizing the Indiana Assisted Living Waiver Program. Connor Doherty, Ryan Kelly, Amy Sitzman and Giancarlo Riso worked on the deal.
