ALLEN PARK, Mich. — Blueprint Healthcare Real Estate Advisors has brokerd the sale of Maple Heights Retirement Community, a 145-unit independent living community in the Detroit suburb of Allen Park, for an undisclosed price.
A private equity investor sold the mid-rise property to Mozart Healthcare, a growing seniors housing owner-operator based in Skokie, Ill.
Maple Heights is the only independent living provider located in Allen Park, according to Blueprint. The property historically keeps its occupancy above 90 percent with an operating margin of approximately 35 percent.
This was Mozart's fifth acquisition. Ben Firestone and Michael Segal of Blueprint handled the transaction.