Blueprint advises Anthology Senior Living on the sale of a new vintage, true “Class A” community in Mason, Ohio
Blueprint was engaged by Anthology Senior Living, the Senior Living arm of global developer CA Ventures, and their institutional joint venture partners to maximize value on the sale of their Class A, 101-unit Assisted Living and Memory Care community in the Cincinnati MSA
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Situated on a prime site in the attractive Mason submarket, the community opened in late 2017 offering high-end design and finishes, top of the line amenities, and was conveyed with an adjacent parcel of land well-suited to an Independent Living expansion
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The partnership decided to pursue a strategic sale of the community to recycle capital and looked to Blueprint to maximize value on both the existing real estate and the embedded expansion option which no longer fit their collective capital deployment plan
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Launch timing was supported by Anthology achieving outsized growth in 2023 rental rates and care revenue, coupled with strong occupancy, which drove meaningful margin expansion through launch and marketing and bolstered the process by demonstrating the community’s operational and financial potential
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Blueprint’s marketing process focused on a diversified outreach to Ohio focused operators, developers, and Not-for-Profits, as well as a subset of regionally focused investors. This approach led to a robust and diverse bidder group representing an established and growing owner-operator, an all-cash institutional buyer, and Community First Solutions, a regionally focused Not-for-Profit
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Ultimately Community First Solutions emerged as the winning bidder and successfully closed the transaction efficiently, cooperatively, and ahead of schedule
Alex Florea | Managing Director & Head of Capital Markets
312.300.4184 | aflorea@BlueprintHCRE.com
Ryan Kelly | Senior Associate
312.573.5588 | ryankelly@BlueprintHCRE.com
Connor Doherty | Executive Managing Director
312.300.4834 | connor@BlueprintHCRE.com
Meet Blueprint
Our innovative approach to investment sales intersects broad market coverage and unrivaled analytics. This formula for optimal transaction execution has awarded us the designation of leading healthcare real estate advisor with a proven track record of over 630 transactions valued at $11.1 billion and comprehensive industry expertise in skilled nursing, seniors housing, medical office, and behavioral healthcare.
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