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GREEN BAY and APPLETON, Wis. — Blueprint Healthcare Real Estate Advisors, a brokerage based in Chicago, has arranged the sale of four Cottage Living assisted living and memory care communities in Green Bay and nearby Appleton for $18.4 million.
Blueprint represented the undisclosed seller, which sold the properties to a private, non-traded REIT.
At the time of sale, the Portfolio was 92 percent occupied. The price equates to approximately $150,000 per unit.
The buyer partnered with an operator from the West Coast. The portfolio will represent the new operator’s first entry into the Wisconsin market.
Jacob Gehl of Blueprint was the lead advisor on the transaction.