The Alabama-based, owner-operator seller was a family with a 30-year history in the seniors housing industry. The communities had an exceptional reputation in the local markets each served, and the family looked to Blueprint to find a buyer that would continue the legacy they had worked to build, as well as maximize value.
Consisting of eight communities in Alabama, one in Mississippi, and one in Tennessee, Blueprint confidentially marketed the portfolio to a targeted list of active national and regional investors. Blueprint positioned the portfolio as a unique opportunity to either develop a new regional operating platform or expand an existing one. The portfolio’s historically stable operations were also highlighted.
The marketing process led to the procurement of multiple competitive offers. A Tennessee-based regional owner-operator that saw the offering as an opportunity to expand its platform and enter into the state of Alabama was ultimately selected.
The transaction was facilitated by Brooks Blackmon, who specializes in Southeast transactions, and Ben Firestone.