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Blueprint Brokers $31M Sale of Memory Care Portfolio in Virginia

RICHMOND and VIRGINIA BEACH, Va. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two memory care communities in Richmond and Virginia Beach

ProMedica acquired the assets with ownership partner Welltower for $31 million. The seller was not disclosed.

The portfolio included two fully stabilized communities that boasted high occupancy and above-market rates. The Memory Center Richmond consists of 48 units and opened in 2015 while The Memory Center Virginia Beach consists of 48 units and opened in 2008.

The post Blueprint Brokers $31M Sale of Memory Care Portfolio in Virginia appeared first on Seniors Housing Business.

Source: Senior Housing Business

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