SPRINGFIELD, Mo. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of The Fremont, a 119-unit independent living, assisted living and memory care community in Springfield.
A Missouri-based ownership group sold the property to a Florida-based private equity company for an undisclosed price. The new owner assumed an existing agency loan as part of the acquisition, and will keep Arrow Senior Living as the operator.
Originally built in 2008, the community underwent an expansion in 2012 to keep up with the demand of the local market. Consisting of 54 independent living, 48 assisted living and 16 memory care units, the community was 99 percent occupied at the time of sale.
Brooks Blackmon and Ben Firestone led the transaction for Blueprint.