LOUISIANA — Blueprint Healthcare Real Estate Advisors has arranged sale of a portfolio of five seniors housing communities located throughout Louisiana. The Georgia-based owner-operator, which originally developed the communities in the late 1990s, chose to sell the properties to focus on its home-state portfolio. A joint venture partnership between California-based Griffin-American Healthcare REIT IV and Georgia-based Senior Solutions Management Group (SSMG) acquired the portfolio. The price and specific names of the properties were not disclosed. Brooks Blackmon and Steve Thomes facilitated the transaction for Blueprint.
Louisiana
HAMMOND, La. — Phoenix Senior Living has unveiled plans for The Phoenix at Hammond, a 91-unit assisted living and memory care community in the New Orleans suburb of Hammond. First Guaranty Bank is the lending partner for the project. Groundbreaking is scheduled to take place before the end of January. Phoenix Senior Living, founded in 2014, operates 26 communities throughout the Southeast. The Phoenix at Hammond will be the company’s second community in Louisiana.
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