Blueprint Negotiates Sale of Two Communities in Metro Kansas City

by Jeff Shaw

LEAWOOD and SPRING HILL, Kan. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living and memory care communities in the Kansas City area.

The properties were Leawood Gardens, a 70-unit community in Leawood, and Blackhawk Assisted Living, a 48-unit community in Spring Hill.

Both communities were built in the early 2000s with subsequent renovations, and occupancies remained relatively stable above 90 percent prior to the operational transition to a West Coast-based national assisted living manager in 2017.

Following a stretch of unexpected community-level leadership turnover and units taken offline for major capital improvements, resident occupancy levels dropped and rates gradually declined. Performance began to rebound in 2019, continuing to climb through the challenges of 2020.

A regional operator partnered with an East Coast-based equity provider to buy the portfolio. The seller and price were not disclosed.

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