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MEMPHIS, Tenn. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a seniors housing community in Memphis.
Built in the late 1960s, the community rises 11 stories and features 110 independent living units and 55 assisted living units.
A publicly traded REIT sold the community as a non-core asset. The buyer was Elevation Financial Group, which plans to convert the community into an affordable housing community for seniors.
The price was not disclosed.