O’FALLON, Mo. — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage, has arranged the $54 million sale of Park Place Senior Living at WingHaven, a 206-unit independent living and assisted living community in the St. Louis suburb of O’Fallon.
Blueprint represented the seller, AEW Capital Management, which sold the property on behalf of AEW Senior Housing Investors to CNL Healthcare Properties.
Originally built in 2006, a joint venture of AEW and First Capitol Group acquired Park Place in 2011 by. The venture expanded the community with the addition of assisted living units and by converting units to memory care.
Blueprint’s Ben Firestone was lead advisor on the transaction.