FLORENCE, S.C. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Florence Place, an assisted living and memory care community in Florence, approximately 80 miles east of Columbia.
Originally constructed in 1999, the purpose-built seniors housing community featured 61 units in a prominent location within the submarket.
Blueprint marketed the opportunity alongside 16 communities located throughout the Southeast, Midwest and Mid-Atlantic.
The undisclosed seller decided to market the portfolio at the start of 2023, following the successful implementation of rate increases, which resulted in double-digit revenue growth over the prior year.
An owner-operator based in the Southeast purchased the property for an undisclosed price.
The Blueprint team included Kyle Hallion, Amy Sitzman and Giancarlo Riso.