Blueprint Negotiates Sale of 38-Unit Memory Care Community in Oklahoma City

by Jeff Shaw

OKLAHOMA CITY — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 38-unit memory care community in an affluent neighborhood of Oklahoma City.

The seller was a private equity fund seeking to exit its only standalone memory care property. Built in 2010, the community had strong historical occupancy, but was negatively impacted by the COVID-19 pandemic and was in the early stages of a performance rebound.

The community was positioned as a value-add opportunity for buyers to capitalize on the strong demographics and surprising scarcity of standalone memory care competitors to build a more premium, differentiated offering through a targeted capital improvement plan and the conversion of semi-private units.

The buyer was a regional owner-operator focused on standalone memory care. The price was not disclosed.

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