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SOUTH BEND, Ind. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a seniors housing community in the North Indiana city of South Bend.
The late 1990s-built assisted living community experienced occupancy challenges due to the COVID-19 pandemic. The name and number of units at the property were not disclosed.
A national owner-operator sold the asset to a private owner partnering with a new operator, both looking to expand in the market. The price was not disclosed.
The buyer group plans to reposition the asset as the premier affordable option in the South Bend MSA by utilizing the Indiana Assisted Living Waiver Program.