Blueprint Announces Title Changes, And A Deal
Coming off another successful year for M&A closings, Blueprint Healthcare Real Estate Advisors announced several role changes. First, co-founders Ben Firestone and Jacob Gehl were named Chief Executive Officer and Chief Vision Officer, respectively. Mr. Firestone will continue leading the firm’s management team and tinkering with its service offerings, while Mr. Gehl will develop and execute Blueprint’s long-term growth plan. Both will continue acting as investment sales advisors as well. In addition, longtime team members Ryan Chase, Michael Segal and Steve Thomes rose to partners and Executive Managing Directors. We also learned that Blueprint has current offerings... Read More »
Upscale Active Adult Community Sells in Texas
JLL Capital Markets represented the owner of a 210-unit active adult community in Georgetown, Texas in the property’s sale to two private equity firms. Opened in 2021, Northstar Georgetown is an upscale, low-rise community with both one- and two-bedroom units averaging 1,016 square feet. Apartment amenities include walk-in showers and soaking tubs, private yards and balconies, private parking and garage spaces, full sized washers and dryers, granite counter tops and stainless steel appliances. There is also a media center and theatre room, pool and spa, outdoor firepit with seating area, landscaped courtyards and pickleball and bocce ball courts. Chalk Hill Ventures sold the community to... Read More »
Neighborhood LTC Pharmacy Adds Arizona Pharmacy
Neighborhood LTC Pharmacy, a 100% employee-owned long-term care pharmacy, expanded its services in the Arizona market by announcing the acquisition of Sunwest LTC Pharmacy in Phoenix. Sunwest LTC Pharmacy has been serving long-term care providers throughout the greater Phoenix area for over seven years, and going forward, it will continue providing services to its current customers as Neighborhood LTC Pharmacy. Neighborhood’s technology and processes will also be implemented, which will support both local team members and customers through improved accuracy and efficiencies. The Nebraska-based company has been expanding its geographic presence and now provides services in six... Read More »The Springs Living Group Buys Oregon and Montana Portfolio
Harrison Street has sold a portfolio of five senior housing communities to The Springs Living Group. Valued at $193.5 million, or $311,100 per unit, the portfolio consists of 622 independent living, assisted living and memory care units. Among the properties in the sale are The Springs at Greer Gardens in Eugene and The Springs at Veranda Park in Medford, Oregon, as well as properties in Butte and Billings, Montana. As of December 2021, the properties had an average occupancy rate of 93%. Since first partnering in 2011, the firms have acquired 14 properties together with over 2,000 senior living units. The properties were held across several of Harrison Street’s United States... Read More »Three Class-A Active Adult Communities Sell in Oklahoma City MSA
Blueprint Healthcare Real Estate Advisors recently handled the sale of three, fully stabilized Class-A active adult communities in Moore, Mustang, and Edmond, all in the Oklahoma City MSA. Owned and developed by Oklahoma City-based Walters Construction Company, the “Thunder Portfolio” was constructed in phases between 2010 and 2021 and contains 350 total units. This includes a newly constructed 35-unit component on the Moore campus which will provide the buyer an opportunity to realize a significant increase in EBITDAR. The portfolio maintained stable occupancy and cash flows throughout the COVID pandemic, and operations even continued to strengthen during marketing and throughout... Read More »Schedule a demo
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