The fully-stabilized Community was originally constructed for the current operator in 2002. Blueprint conducted a broad marketing campaign introducing qualified prospective purchasers from across the nation to review an offering located in a quaint New England town. Ultimately, Blueprint effectively structured a transaction in which a California-based public non-traded REIT purchased the property and leased it back to the Seller.
The purchase price was $8,500,000 representing $170,000 per unit.
Tim Cobb and Steve Thomes were lead advisors on the transaction.