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GURNEE, Ill. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Gurnee Place Memory Care, a 42-unit memory care community located in Gurnee, approximately midway between Chicago and Milwaukee.
Blueprint was engaged by a receiver to maximize proceeds for the bank and stakeholders involved.
At the time of marketing, the community was 90 percent occupied and cash-flowing. Blueprint marketed the opportunity by promoting the upside of the strong performance trends and implementing minor expense efficiencies through regional operations.
The buyer was a Minnesota-based private equity firm previously focused on development. The price was not disclosed.