Blueprint conducted a targeted marketing campaign approaching only a predefined and select group of qualified purchasers seeking to grow in the Gulf Coast region of Florida. Blueprint structured a creative solution in tapping the neighboring real estate owner and was able to leverage the competitive market for the asset to maintain aggressive pricing and certainty of close. The purchaser was a publicly-traded REIT that extended the terms of its master lease with the neighboring skilled nursing operator to acquire the subject property.
The purchase price was $4,300,000, or approximately $45,000 per unit.
Ben Firestone and Trent M. Gherardini were the lead advisors on this transaction.