The offering was positioned by Blueprint as a value-add opportunity to acquire two regionally based facilities in key Arizona submarkets. This resulted in a competitive bidding environment with multiple offers submitted from the targeted and selective list of qualified prospects. Ultimately, a publicly traded Southern California based owner-operator, with a large presence in Arizona and the surrounding states, emerged as the winning bidder. Blueprint attained maximum value for its client and facilitated the successful closing after 90 days from LOI execution.
The total purchase price of $15,250,000 was equal to approximately $61,250 per licensed bed.
Christopher Hyldahl, Gideon Orion, and Amy Sitzman were the lead advisors on the transaction.