DONE DEAL:
Grandpa Told Me So
Blueprint is pleased to announce the successful sale of a Class-A, new construction assisted living and memory care community located in Texas. Blueprint created a competitive bidding environment for the property while it remained in lease-up.

Blueprint strategically tackled the challenge of maximizing value for the seller by sourcing investors willing to assume lease-up risk. Leveraging the demographics in the rapidly growing submarket and the state-of-the-art community, Blueprint procured the right buyer in a partnership of an opportunistic investor and a prominent operator that had an existing relationship. Blueprint selected the buyer given its unique investment strategy and capitalization dedicated to the seniors housing space. The seller was a partnership between a prominent regional developer and a local entrepreneur.

Ben Firestone was the lead advisor on the transaction. The deal was referred to Blueprint by Firestone’s grandfather, Billy Firestone, a friend of the entrepreneur.

LEAD ADVISORS
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com