Kandu Capital, Bloom Senior Living Purchase Two Communities in Indianapolis Out of Receivership

by Jeff Shaw

INDIANAPOLIS — Kandu Capital and its operating company, Bloom Senior Living, have acquired two senior living communities in Indianapolis out of a Fannie Mae receivership. 

With the move, Bloom expands its Indiana footprint to five communities.

After strategically divesting $110 million of skilled nursing and behavioral health assets at peak pricing up to $225,000 per bed, Bloom has opportunistically redeployed capital into seniors housing at $30,000 per unit. Bloom is capitalizing on new distressed opportunities while its current portfolio is outpacing pre-pandemic levels and industry fundamentals are strengthening. 

Blueprint represented the seller and buyer on this transaction. Honigman LLP, served as legal advisor to Bloom.

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