BURLINGTON, Wisc. — Blueprint Health Care Real Estate Advisors has brokered the sale of Arbor View Communities in Burlington for $8.55 million. Arbor View is a 50-unit assisted living and memory care community consisting of two distinct buildings built in 2008 and 2011.
Blueprint represented the seller, a private owner-operator, and sourced the buyer, a non-traded real estate investment trust (REIT) headquartered in New York. The buyer leased the community to Meridian Senior Living, a national operator of assisted living, memory care and independent living communities.
The purchase price represents $171,000 per unit. Mario Wilson was the lead advisor and executed the transaction.