ST. LOUIS — Blueprint has served as the exclusive advisor to a Missouri real estate developer in its acquisition of full ownership of a 150-unit seniors housing community that it developed with a joint venture partner in metro St. Louis. The undisclosed community, which opened in 2024, offers independent living assisted living and memory care. The operator remains in place following the buyout.
Blueprint was initially engaged four years ago to source an institutional capital partner for the development of the private pay seniors housing community. At the time of the asset’s recent recapitalization, it was generating approximately $3.7 million of annualized EBITDAR (earnings before interest, taxes, depreciation, amortization and restructuring or rent costs) with an operating margin of more than 30 percent.