The property was originally built in 1987 as a hotel though was converted to an assisted living community in 2016 after undergoing a nearly $10 million extensive renovation

The operator had established a unique relationship with a large healthcare provider within the local market and, as a result of the unique programming offered at the community, the asset at the time of marketing generated $7.1 million in total revenue and $3.4 million in EBITDAR translating to a 45% operating margin and continued to grow from there translating to a higher margin at the time of close

Blueprint advised ownership to move forward with a compelling offer from a private equity firm based in the Intermountain West who was looking for a long-term strategic partnership with a best-in class operator. Both parties agreed to form a joint-venture allowing the operator and buyer to continue to grow within the behavioral space

The community transacted at a price of $45 million or approximately $271,000 per unit